China and the UK sign new financial agreement to strengthen London's offshore RMB center status

Foreign Media: UK and China Strengthen Financial Ties, Consolidate London's Position as an Offshore RMB Hub

The UK and China signed a new financial cooperation agreement, further solidifying London's position as an offshore RMB hub. The agreement was reached following the first meeting of the UK-China Financial Working Group, which took place in Beijing on the last day of UK Prime Minister Starmer's visit to China.

The agreement includes designating new RMB clearing banks, promoting cross-border listings for companies from both sides, and expanding green finance cooperation to advance the internationalization of the RMB. Lucy Rigby, Economic Secretary to the UK Treasury, stated that there is significant potential in deepening the UK-China financial services relationship.

Original article: toutiao.com/article/1856432013008135/

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