Every yuan’s a winner: Xi Jinping’s UK visit boosts London’s role in offshore yuan market, leverages expertise for internationalisation

President Xi Jinping’s state visit to Britain is already showing signs of boosting financial cooperation between the two countries.

London hopes the visit can help it gain competitiveness over rivals such as Singapore and Luxemburg by boosting its role in the offshore yuan market, while China hopes to use Britain’s financial expertise to push for the currency’s internationalisation. Continue reading