Offshore RMB market booming in London, report finds
Spot renminbi (RMB) foreign exchange volumes in London almost doubled in the first half of 2013 compared with the same period a year previously, hitting a daily value of $4.8 billion, according to a report from the City of London Corporation.
The study, carried out on behalf of the City by Bourse Consult, shows overall foreign exchange activity in renminbi increased by almost a third during the first half of 2013. The full results of the study are expected to be published this month.
"The growth
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