Chinese Yuan

London to ‘develop as Chinese yuan trading hub’

in Business, China, UK

China and the UK are to develop an offshore trading hub for the yuan based in London. UK Chancellor George Osborne confirmed the agreement after […]
Bank of India becomes first to offer trade settlement in yuan

in Business, China, India, USA, World

Saibal Dasgupta BEIJING: Bank of India has become the first Indian bank to offer trade settlement facility between the rupee and the Chinese RMB from Hong Kong. […]
China calls time on dollar hegemony

in America, Business, China, USA, World

You can date the end of dollar hegemony from China’s decision last month to sell its first batch of sovereign bonds in Chinese yuan to […]

London to ‘develop as Chinese yuan trading hub’