London sees red as China executes offshore bond

The City of London cements its status as Europe's premier renminbi centre as China takes a new step to internationalise its currency.
Red skies at night: London's delight
Red skies at night: London's delight

The City of London cemented its status as Europe's leading renminbi centre on Thursday after China's Ministry of Finance (MOF) raised Rmb3 billion ($458 million) through a three-year bond deal.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media