No big Brexit worries for now

Economists see limited impact of the UK-EU divorce on China's stock market this week

Britain's decision on Friday to leave the European Union will have only a limited effect on China's stock market this week and perhaps even boost the yuan's status as a global currency, economists told Xinhua.

"The decision may actually accelerate the competition between other European cities for yuan businesses, and as a result, Britain may have to provide Chinese institutions with better terms," said Xiang Songzuo, deputy director of the International Monetary Institute at Renmin University of China.