London cements position as renminbi hub

RMB daily trades total $61.5 billion

City of London
London consolidates RMB hub position

London has cemented its position as a global centre for offshore renminbi trading, with overall volumes in 2014 more than doubling those of the previous year to total $61.5 billion per day on average, according to a report from City of London Corporation.

The UK capital saw two-thirds of offshore spot FX transactions and more than half of FX forwards, while also maintaining a sizeable portion of FX swaps and options with 42% and 20%, respectively, of the offshore market, despite a number of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: