TheCityUK responds to UK issuing first offshore renminbi bond outside China

Commenting on the UK government renminbi bond issuance, Chris Cummings, Chief Executive of TheCityUK said;

The Government’s announcement today that it will issue the world’s first non-Chinese sovereign offshore Renminbi bond demonstrates its commitment to ensuring London’s position as the Western world’s Renminbi trading centre. It will open opportunities across the industry both now and in the years to come.  Innovation such as this creates lasting economic growth and high value jobs across the whole of the UK by encouraging investment and attracting new opportunities to the country.