U.K . bankers are pushing the BoE to sign a currency-swap deal with the PBOC as they hope to...

|By:, SA News Editor

U.K . bankers are pushing the BoE to sign a currency-swap deal with the PBOC as they hope to turn London into a trading hub for the yuan. So far, the BoE isn't budging, hoping instead for the private sector to figure out how to boost yuan activity. For now, Hong Kong remains the only offshore trading base for the yuan.