Brexit shock may boost, not hinder, yuan internationalization

Brexit could prompt Beijing to hedge its bets and foster more offshore yuan hubs across the EU, analysts said.

“Frankfurt, Paris and Zurich are all very active in offshore yuan business,” said Ngan Kim Man, deputy head of treasury at China Everbright Bank’s Hong Kong branch.

http://www.reuters.com/article/us-britain-eu-yuan-idUSKCN0ZM0LS