London builds upon its leading position in the offshore RMB market

The City of London has published the latest of a series of reports it commissioned from Bourse Consult on the development of the renminbi market in London. The report highlights the continued growth of the City’s activities in the Chinese currency and confirms London’s position as the main offshore centre for trading renminbi. This report is the latest in a series and describes the development of the London renminbi market over the year 2013. It gives updated information on three principal RMB product and service categories provided by City banks; trade related services, foreign exchange/risk management and deposits. It was published by the City of London on 18 June to coincide with the visit to London of the Chinese Prime Minister, Li Keqiang.

The City of London press release is here
The full report can be downloaded here
Posted in Bourse Consult Announcement, FX