CNH trading in London on the up in Q3

Amidst geopolitical tensions, offshore renminbi trading increased by double digits in Q3

dim-sum
Dim sum bonds issued in London in Q3 were dominated by Australian issuers

The volume of offshore renminbi traded in London continued its upward progression in the third quarter of 2018. Transactions in the currency grew by 12.72% compared with the previous quarter, as the city consolidates its position as the top FX trading centre for the Chinese currency outside of China, reveals a report published by the City of London and the People’s Bank of China.

The publication, London RMB Business Quarterly, shows that average daily CNH transactions carried out in London in

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