Tuesday, 15 October 2013
Trade with China to be made easier
Chancellor George Osborne has announced moves aimed at making London the main centre for Chinese financial business overseas.
Mr Osborne will loosen regulation to allow the move, the BBC has reported.
Under an £8bn pilot scheme, London-based investors will be able to apply for a licence to use the Chinese currency to invest directly in Chinese shares and bonds.
Until now, they have had to direct their investments via Hong Kong.
For more on this story visit the BBC website.
To learn more about forging trading links with China, South America and India, visit www.m-itec.co.uk.Back