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Luxembourg and other financial centres will benefit from cooperating closely with one another on the internationalisation of the renminbi (RMB). This was one of the themes discussed at the renminbi roundtable that HSBC held at its premises. Attended by The Right Honourable The Lord Mayor of the City of London, Alderman Alan Yarrow, as keynote speaker and hosted by HSBC Luxembourg’s CEO, Nigel H. Fielding, the event focused on how London and Luxembourg are developing the international RMB market.
Mark Boleat, the Chairman of the City of London Policy Committee said: “London welcomes the work that Luxembourg has done to develop RMB business. The more the currency is used globally, the more effective and sophisticated products and services will become, bringing benefits...
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