Highlights of China-UK economic and trade ties

7. London is the world's leading hub for offshore renminbi

(Xinhua file photo)

London ranks first for offshore RMB FX transactions, as more than one third of all offshore Chinese renminbi foreign exchange transactions are carried out in the United Kingdom.

China and Britain will jointly host a UK-China RMB Internationalization Dialogue in London in 2018, to promote London's role as a Western Hub for RMB and encourage greater use of RMB in international markets, and to support the use of RMB as the settlement currency in bilateral trade and investment.