Posted: 29 May 2024 Resource Type: Research Report Download Back In 2023, London’s offshore RMB market remained resilient. The average daily CNH FX trading volume, the value of new dim sum bonds issuance, the amount of RMB deposits and loans, the total value of China-UK cross-border RMB transactions and the RMB clearing volume all increased YoY. According to SWIFT, the UK retained its position as the largest RMB FX spot transaction hub and the second largest offshore RMB payments centre in the world. In addition to the data, this edition of the report features three columns on significant topics for anyone working in the sector: the new measures promoting the high-level opening-up of China’s bond market, China-UK cross-border collateral cooperation, and the rise of the carbon trading market in China. You can find previous issues of the report on the City of London China Publications page. Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report City statistics briefing Nov 2024 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing Research Report Total tax contribution of UK financial services May 2024 - Nationally, the financial and professional services industry contributed a record £110.2bn to the public purse in 2023. This is 12.3% of total UK tax receipts: more than the government’s annual education budget and more than half the health budget. Total tax contribution of UK financial services Research Report UK-Australia post FTA regulatory cooperation Feb 2023 - This report focuses on the opportunities afforded the financial and professional services sector through the creation of a Regulatory Dialogue between UK and Australia. UK-Australia post FTA regulatory cooperation Research Report Shaping the future of borderless work Nov 2022 - This report explores how the UK can lead innovation, shape multilateral dialogue and ensure UK competitiveness as borderless working becomes mainstream. Shaping the future of borderless work