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Osborne wants London to lead in off-shore yuan trade
Apr 18th, 2012
LONDON (Reuters) - Britain wants London to become a leading centre for off-shore trading in Chinese renminbi to help boost the economy, Chancellor George Osborne said on Wednesday. Speaking after HSBC launched the first-ever renminbi(or yuan) denominated bond in London, Osborne said the city's pre-eminence in foreign exchange and bond issuance means it is well placed to serve as a hub for Chinese banks that want to do business in the west. ... (Source: Reuters) -
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