WHY LONDON IS THE LEADING RENMINBI TRADING VENUE OUTSIDE CHINA

If you still can't see what Brexit was all about then here's a quote from the following article published in February 2020:

The Belt and Road initiative, by which China invests in emerging markets, is expected to further reinforce London’s position, as City banks and professionals advise firms and governments in Asia, Africa and Europe on drawing up contracts, raising finance, hedging liabilities, insuring assets and selling and trading commodities.

These flows of business might even increase after Brexit, if the United Kingdom diverges from European regulatory constraints. “With the UK leaving the EU, this idea of having more of a Singapore-type approach for regulation could mean there ends up actually being even more foreign exchange trading in London as a result,” said Jon Vollemaere.

He expects renminbi business in London to continue to grow steadily through the gradual but deliberate easing of restrictions on the renminbi by the Chinese government, which has the ambition to unseat the euro as the second most important reserve currency, over the next few years.

“The internationalisation of the renminbi has every chance of being bigger than the euro was when the euro first came along,” added Jon Vollemaere. “It isn’t at the euro level yet, but I don’t think it is very far away.”

 

See : Why London is the leading renminbi trading venue outside China

Meanwhile, if any pro-Brexiters can tell us what was agreed with China at Bilderberg 2011 and 2012 when China attended then please do let us all know. 

The City of London has allied with China to take down the Euro then the US Dollar. The virus/vaccine scam is a part of this plot which is why the scam started as soon as the UK formally left the EU in 2020 leaving The City of London free to do whatever it wanted against the EU and the Euro.

The damned Ickes got Brexit wrong.

The damned Ickes got 2020 wrong.