Post-Brexit Paris Eyes More Respect as Yuan Clearing Hub

(Beijing) — Paris is vying for higher status among the world's centers for offshore deposits of China's increasingly internationally accepted currency.

Paris' competitive edge over London as a yuan clearing center has improved since the Brexit vote in June set the stage for Britain to leave the European Union, according to Arnaud de Bresson, managing director at Paris-Europlace, an organization that promotes France's financial marketplace.