Bank's China bond call

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Peter Sands, the chief executive of Asia-focused bank Standard Chartered, wants London to step up efforts to become the world's second offshore trading centre for renminbi after Hong Kong as China liberalises its currency with a view to rivalling the dollar as a global reserve.

George Osborne struck a deal with Hong Kong last month to forge closer links and extend yuan trading hours during Europe's working day. "We think it would be helpful if the government also signalled that it was interested in issuing a renminbi bond," Sands said. "There are symbolic steps that help focus attention on the market and also to get it started."

So-called "dim sum" bonds have been issued by companies such as BP looking to tap Chinese investors. Last month, a Chinese wealth fund acquired 9% of Thames Water, demonstrating the east's interest in sinking cash into Europe.

For the full interview read tomorrow's Evening Standard