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  1. Business - Money - TRADE

    Britain needs to seal yuan-swap agreement, former PBOC adviser says

    Posted Dec 07th 2012, 12:00am by Bloomberg

    ... foreign-exchange flows through currency-swap agreements, Xia Bin said at a meeting of the London Advisory Council for China. Seventeen countries had currency-swap agreements with China, and Britain was not one of them, Xia said. "[Britain] has huge potential for developing this business," Xia said. "This potential is not unleashed yet." Cross-border trading of yuan has ...

    http://www.scmp.com/business/money/markets-investing/article/1099460/britain-needs-seal-yuan-swap-agreement-former-pboc

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