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Member Since: 3/19/2012
Posts: 7,835
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Trading Offshore Chinese Yuan? Try Vancouver
Quote:
Major financial centers around the world are jostling for position in the list of offshore Chinese yuan trading hubs. Hong Kong and London stand out. Luxembourg wants a piece of the action, as do Paris and Frankfurt.
Prepare to add an unlikely new name to the list: Vancouver. That’s the city that ranks 17th in the Global Financial Centres Index, in a country that snags a tiddly 1% of global foreign-exchange trading flows, according to the BIS. (New York handles almost 19% of FX flows. London proudly snags about 41%.)
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Read more: http://blogs.wsj.com/moneybeat/2014/...try-vancouver/
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