
Analysts are divided on the potential impact of Brexit on the China-UK relations in financial services.
The two countries have agreed to establish a trading link between the Shanghai and London stock exchanges. Before the vote, Chinese policymakers have been keen to make London a major offshore trading hub for the Chinese currency.
Some said Brexit could well jeopardize the internationalization of the renminbi and trigger capital outflows, exerting depreciation pressure on the Chinese currency and complicating the country's monetary policy.
China's stock market will also suffer greater volatility as Brexit would reduce the risk appetite of investors who would shift their money to safer assets such as gold and the US dollar.
The People's Bank of China, the central bank, has already vowed to keep its domestic liquidity reasonable and ample to keep the yuan stable. It has also said it will maintain a prudent monetary policy.
![]() | ![]() |
Five made-in-China hi-tech breakthroughs
Beijing Style: Hot pants
HK-Zhuhai-Macao Bridge to open to traffic
China opens its first combined transport service to Nepal
Students take stylish bikini graduations photos
Charming dancing students pose for graduation photos
Guizhou, Yunnan section of Shanghai-Kunming railway connected
Naked models transformed into landscapes, birds and even DRAGONS by body painting artist
World’s biggest cruise ship Harmony of the Seas to start maiden voyage
Top 20 hottest women in the world in 2014
Top 10 hardest languages to learn
10 Chinese female stars with most beautiful faces
China’s Top 10 Unique Bridges, Highways and Roads
Dog meat delicacy
Don’t group ‘Asian Americans’ together
Shark protection needs more than losing taste for fin soup
When Western junk food hits Chinese tastebuds, unexpected new flavors emergeDay|Week