London has cemented its role as a leading offshore hub for China’s yuan, according to a new financial cooperation agreement that also aims to ease the cross-listing of firms in each other’s markets.
The deal emerged from the first meeting of the UK-China Financial Working Group, which convened in Beijing on Saturday. The meeting coincided with the final day of British Prime Minister Keir Starmer’s state visit.
The meeting’s outcome and a joint statement were not made public until Friday.
“The…
UK, China boost financial ties, deepen London’s role as offshore yuan hub
