{"id":43689,"date":"2011-09-09T01:15:34","date_gmt":"2011-09-08T22:15:34","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=43689"},"modified":"2016-12-28T16:07:57","modified_gmt":"2016-12-28T13:07:57","slug":"london-to-develop-as-chinese-yuan-trading-hub","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2011\/09\/09\/london-to-develop-as-chinese-yuan-trading-hub\/","title":{"rendered":"London to &#8216;develop as Chinese yuan trading hub&#8217;"},"content":{"rendered":"<figure id=\"attachment_43690\" aria-describedby=\"caption-attachment-43690\" style=\"width: 304px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-43690\" title=\"Wang Qishan\" src=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2011\/09\/Wang-Qishan.jpg\" alt=\"\" width=\"304\" height=\"171\" srcset=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2011\/09\/Wang-Qishan.jpg 304w, https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2011\/09\/Wang-Qishan-300x169.jpg 300w\" sizes=\"auto, (max-width: 304px) 100vw, 304px\" \/><figcaption id=\"caption-attachment-43690\" class=\"wp-caption-text\">Chinese vice-premier Wang Qishan is in London to discuss trade<\/figcaption><\/figure>\n<h2 id=\"story_continues_1\">China and the UK are to develop an offshore trading hub for the yuan based in London.<\/h2>\n<p><strong>UK Chancellor George Osborne confirmed the agreement after meeting with Chinese vice-premier Wang Qishan in the UK.<\/strong><\/p>\n<p>&#8220;We agreed to collaborate on the development of renminbi-denominated financial products and services in London,&#8221; he said.<\/p>\n<p><strong>Trading in the yuan is gradually being liberalised.<\/strong><\/p>\n<p>As the yuan has slowly been appreciating and becoming more flexible, Hong Kong has been the only place that China has allowed as a centre for deposits in the Chinese currency.<\/p>\n<p><strong>London is the largest foreign-exchange trading centre in the world.<\/strong><\/p>\n<p>Mr Osborne said that the UK represented an &#8220;attractive investment opportunity for Chinese investors and a gateway for further investment in Europe&#8221;.<\/p>\n<p>The talks also involved discussion of investment in UK infrastructure, such as the legacy projects following next year&#8217;s Olympics.<\/p>\n<p>China and the UK reaffirmed their commitment to the target of doubling trade to $100bn (\u00a362bn) by 2015.<\/p>\n<p>www.bbc.co.uk,\u00a08 September 2011<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China and the UK are to develop an offshore trading hub for the yuan based in London. UK Chancellor George Osborne confirmed the agreement after meeting with Chinese vice-premier Wang Qishan in the UK. &#8220;We agreed to collaborate on the development of renminbi-denominated financial products and services in London,&#8221; he said. Trading in the yuan [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":43690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846,146,94],"tags":[2251,1134,5051],"class_list":["post-43689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-china","category-uk","tag-chinese-yuan","tag-london","tag-yuan"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/43689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=43689"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/43689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/43690"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=43689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=43689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=43689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}