Arab Today, arab today city of london considers rmb internationalization now more than ever before
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

City of London considers RMB internationalization now more than ever before

Arab Today, arab today

Arab Today, arab today City of London considers RMB internationalization now more than ever before

The internationalisation of the Chinese Renminbi (RMB)
London - XINHUA

The City of London considers RMB internationalization now more than ever before through a holistic approach, said Mark Boleat, the City of London Corporation's Policy Chairman, on Tuesday.

Speaking at a seminar hosted in the City, Boleat said RMB business in both the Britain and across the European region as a whole has become established and is here to stay.

"The European offshore RMB market is an excellent source of capital and talent. It confirms the significance of Europe as a committed partner of China's in driving forward the overall internationalization of the currency," Boleat said.

"Though big bang announcements are exciting and harness support, it is the gradual and flexible approach that will ensure the sustainable success of the offshore market in Europe," he added.

Moreover, he said: "We must remember that this process is intrinsically linked with wider financial and economic reform in China. It is this broader reform which affects the changing nature of trade and investment -- which underpins the UK-China financial relationship."

Increased interoperability and regulatory harmonization across both regions would in time result in full integration of RMB into the global financial system, he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today city of london considers rmb internationalization now more than ever before Arab Today, arab today city of london considers rmb internationalization now more than ever before

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today city of london considers rmb internationalization now more than ever before Arab Today, arab today city of london considers rmb internationalization now more than ever before

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday