China's Currency Push The Chinese Yuan expands its footprint in Europe by Maximilian Kärnfelt Download as PDF 1.95 MB Main findings and conclusions Europe is at the forefront of Chinese efforts to grow the Renminbi internationally. China has set up many market access and trading infrastructure schemes in Europe, making it the largest CNY market outside of Hong Kong. The UK is the biggest player in Europe’s CNY market. The UK’s strengths – the world’s largest foreign exchange market and a business-friendly legal system – are hard to replicate. London is likely to remain Europe’s major CNY clearing center. However, Brexit may temporarily hurt the UK’s CNY business. Confidence in the CNY has been hurt by China’s capital controls, imposed in 2015, and the current unrest in Hong Kong. Capital controls preserved the CNY’s value but made investors wary about the ability to repatriate profits. Likewise, if China’s government were to interfere strongly to halt protests in Hong Kong, invest
Monitoring events in Balochistan, CPEC (China Pakistan Economic Corridor), China's Belt and Road Initiative and it's economic and strategic implications, Pakistan Military operations and ongoing Baloch struggle.News and Reports are collected from open sources to raise awareness among scholars, researchers and public in general.