UK banks ramp up RMB resources in London

paul-gooding
Paul Gooding, HSBC

HSBC and Royal Bank of Scotland (RBS) have stepped up their efforts to ensure they are ready for London's likely role as the next offshore centre for the trading of Chinese renminbi, following an agreement between UK and Hong Kong authorities in January to accelerate progress towards that goal.

"With both Chinese and European governments pushing for more trade and investment between the two regions and a growing number of Chinese companies investing in Europe through the London gateway, we think

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 - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: