Research Report

London RMB Business Quarterly Issue 8 October 2020

Posted: 2 Nov 2020

Resource Type: Research Report

Download

The City of London Corporation has released the October 2020 edition of London RMB Business Quarterly report, co-authored by the People’s Bank of China Representative Office for Europe.

The latest data shows that Cross-border RMB transactions between China and the UK surged to RMB633.6 billion between March to July 2020, up 169% year-on-year.

The UK maintained its position as a leading RMB offshore centre outside Greater China, having the largest share of RMB FX transactions outside Greater China.

Related content