Posted inChina, Shanghai, World

Shanghai strives to establish global renminbi centers

While further consolidating its position as China’s financial center, Shanghai has also established global innovation, trading, pricing and clearing centers for renminbi products, according to the latest Shanghai Financial Operation Report, Pudong Times reported. In 2017, Shanghai’s financial market transactions totalled 1,438 trillion yuan (US$218.6 trillion). The total number of licensed financial institutions in Shanghai has […]

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