Bank of China launches renminbi-trading centre in London
The capital becomes its second-largest offshore
On October 20, the Bank of China (BOC) launched a renminbi-trading centre in London, the firm's second largest offshore after Hong Kong.
"Bank of China is committed to developing London as the world's leading offshore renminbi centre through promoting economic and financial co-operation between the two countries, and acting as a long-term and trusted partner and financial adviser for all global customers involved in China-related businesses," said Yingxin Gao, executive vice-president of BOC
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