13 June 2016

China chooses London for its first international sovereign RMB bond issue

U.K.-China flags

 

China chose London for its first ever sovereign Renminbi (RMB) bond issued outside of China, underlining London’s status as the leading western RMB hub and a leading global financial centre.

 

Issued in London by the Chinese government, the bond is worth RMB 3 billion (approximately £300 million). The issuance cements London’s position as the leading western RMB hub and reinforces the UK’s ever-strengthening economic and financial relationship with China.

 

Please read more here. 

13 Jun 2016 02:07:12 | British Business, CBI China, CH Govt, Financial Services, London, RMB Internationalisation, UK Govt, UK-CHINA Relations

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