Tag Archive: banking in london

on October 16, 2013 in World News

London to become Chinese offshore banking centre

                        London to become Chinese offshore banking centre Britain has relaxed stringent rules for Chinese banks willing to set up in London. Beijing in turn opened up its markets to British-based investors, marking the latest move to establish the yuan as one of the world’s key currencies. “A great nation like China should have a global currency,”   said UK Chancellor of the Exchequer, George Osborne, during his  official five day visit to China. And the UK is gladly willing to  contribute “through the international center of finance:  London”. Under… View Article

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