this post was submitted on 06 Feb 2026
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UK, China boost financial ties, deepen London’s role as offshore yuan hub (www.scmp.com)
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London has cemented its role as a leading offshore hub for China’s yuan, according to a new financial cooperation agreement that also aims to ease the cross-listing of firms in each other’s markets. The deal emerged from the first meeting of the UK-China Financial Working Group, which convened in Beijing on Saturday. The meeting coincided with the final day of British Prime Minister Keir Starmer’s state visit. The meeting’s outcome and a joint statement were not made public until Friday. “The...

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