| Abstract: | Under the joint influence of Sino-UK bilateral policy support and financial market force, London＇s RMB market is developing rapidly. Reaping the fruits of Sino-UK cooperation, increasing bilateral trade, market-driven RMB product innovation and high-speed growing financial transactions make the development of London offshore RMB market promising and prospective. In the face of increasingly intense market competition, Chinese-funded banks need to step up efforts in FX transactions, trade and financial services, investment and financing business and market research to promote all-round competitiveness. |
