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Volume: 6 Issue: 4
(April 2012)
Keywords:
trading
london
international
renminbi
trading
hub
london
set
international
trading
hub
chinas
currency
following
announcements
uk
treasury
early
year
Trading: London: the international renminbi trading hub
London is set to become the international trading hub for China's currency, following announcements by the UK Treasury early this year that will significantly impact the international payments landscape and potentially strengthen the UK's relationship with one of the world's largest economies. Natalie Shears, Head of Legal Verticals at Western Union Business Solutions, which recently acquired Travelex Global Business Payments, looks at the liberalisation of the Chinese renminbi and how UK businesses and law firms can capitalise on developments.
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