China-UK RMB swap line ‘symbolic’ without local clearing
The new currency swap line between China and the UK is a useful step in the development of London’s renminbi offering but will only have real meaning when there is a local clearing capability in the city, say experts.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts