Britain to be China’s ‘bridge’ into western markets, says George Osborne

People’s Bank of China to begin issuing short-term renminbi denominated debt in London ‘in the near future’

China’s central bank will start to issue short-term debt in London, the Chancellor announced on Monday at the end of high-level talks with Chinese leaders.

In the first such move outside the country, George Osborne said the People’s Bank of China’s decision to issue renminbi bonds in London would “cement” the capital’s position as “China’s bridge into Western financial markets”.

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