London sees red as China executes offshore bond

The City of London cements its status as Europe's premier renminbi centre as China takes a new step to internationalise its currency.
Red skies at night: London's delight
Red skies at night: London's delight

The City of London cemented its status as Europe's leading renminbi centre on Thursday after China's Ministry of Finance (MOF) raised Rmb3 billion ($458 million) through a three-year bond deal.

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