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Britain, Hong Kong to Develop London as Yuan Trading Hub

Posted January 16th, 2012 at 4:40 am (UTC-5)
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Britain says it is partnering with Hong Kong to develop London as an international trading center for China’s currency. British Finance Minister George Osborne told a a meeting of Asian finance officials and executives in Hong Kong Monday the joint venture is designed to establish London as a “new hub” for the yuan. “It reflects […]

China’s Business Journal Calls for Widening of Yuan Trade Range

Posted August 15th, 2011 at 9:40 pm (UTC-5)
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An editorial published in the government-run China Securities Journal says the time is right for Beijing to widen the trading range of its currency, the yuan, against the U.S. dollar. The editorial, published Tuesday, says the wider yuan trading range would improve the currency’s flexibility, lower expectations of a protracted rise in the yuan’s value, […]

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