Eurozone’s first RMB clearing hub in Frankfurt faces London competition

Though Germany lacks sizeable RMB deposits and liquidity, Frankfurt is well-positioned to intermediate trading flows between China and the eurozone, but it lacks London’s financial depth.

http://www.euromoney.com/Article/3330606/Category/16/ChannelPage/8959/Eurozones-first-RMB-clearing-hub-in-Frankfurt-faces-London-competition.html

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