London launched its RMB business-centre programme in 2012. After several years of development London has become one of the most dynamic and important offshore trading hubs for RMB.
The number of Chinese traveling to the U.K. maintained double-digit growth every year for the past five years. Five years ago residents from mainland China accounted for300,000 trips to the U.K. as their first travel destination, while the number reached nearly530,000 in 2014. Bilateral personnel exchanges exceeded 1.1 million in 2014.
The U.K. is the first non-Asia country that has been approved as a Qualified Foreign Institutional Investor in RMB.
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