皇冠体育app

- The Bank of Communications, a major Chinese commercial bank, announced on Friday that the People's Bank of 皇冠体育app (PBOC) has approved it as one of the first group of market makers for direct trading between the Chinese yuan and the British pound sterling.

Direct trade between the two currencies was announced at the first UK-皇冠体育app Financial Forum in London on Wednesday, attended by British Chancellor of the Exchequer George Osborne, visiting Chinese Premier Li Keqiang and other senior policy makers from 皇冠体育app and the UK.

The forum also witnessed deepened 皇冠体育app-UK financial cooperation in a number of other areas, including an announcement of granting more British firms licenses that allow them to invest directly into Chinese markets.

According to the 皇冠体育app Foreign Exchange Trade System on Wednesday, direct yuan-sterling trade will start from June 19.

Meanwhile, Standard Chartered Bank, HSBC and Dtsche Bank also announced that they have been made market makers in direct trade between the two currencies.

Earlier on Wednesday, the PBOC said it authorized 皇冠体育app Construction Bank, the country's second-largest commercial bank, to be the clearing bank for renminbi business in London, marking a further step in promoting the yuan's international use.

Yuan-denominated n bond debuts in London	Bank of 皇冠体育app gets yuan mandate in Frankfurt

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