Banks continue to ramp up in offshore RMB
Top-tier banks are continuing to invest in their offshore renminbi trading capabilities, despite the recent dip in Chinese growth and the challenge of persuading clients to use the new currency and boost liquidity
Two years on from the historic decision by the People's Bank of China (PBoC) to loosen controls on Chinese renminbi so that it can be traded internationally, banks are investing heavily in their capabilities to trade renminbi in Hong Kong and London, in the hope that the internationalisation of the currency will continue, fuelling investor confidence and liquidity.
Following a trail of publicity earlier this year around the UK government's high-profile efforts to make London the next offshore
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