The new figures, reflecting bilateral business confidence and the renminbi’s growing international use, showed London’s renminbi-denominated business transactions in August were 60 percent higher than July’s.
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[China Construction Bank] London celebrated the significant milestone of clearing 10 trillion yuan ($1.5 trillion) of transactions between June 2014, when it was appointed by PBOC to be London’s official renminbi clearing bank, and August 2016.