Renminbi use surges in London in spite of Brexit
By Cecily Liu in London | China Daily | Updated: 2016-09-26 08:16
London's offshore yuan activities continue to surge despite Brexit uncertainties, according to the latest figures from China's central bank.
The new figures, reflecting bilateral business confidence and the renminbi's growing international use, showed London's renminbi-denominated business transactions in August were 60 percent higher than July's.
The new figures were announced on Friday by Jin Mei, the People's Bank of China's chief representative in Europe, at a celebration hosted by London's renminbi clearing bank, China Construction Bank.
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