London and HK push for yuan role

A high level forum of Hong Kong and London bankers will meet again in December to study measures to push the two cities' roles in the internationalisation of the yuan, according to David Wootton, Lord Mayor of the City of London.

A forum formed by bankers including those from HSBC, Standard Chartered Bank, Deutsche Bank and Barclays was formed earlier this year to work out plans to further promote the two cities as off shore yuan trading centres.

via Business feed http://www.scmp.com/business/banking-finance/article/1037232/london-and-hk-push-yuan-role