From June 19th, 2014, as authorized by the PBOC, the RMB/GBP direct trading has been launched in the on-shore OTC market. The main purposes are to promote the bilateral trading and investment between China and Britain, to facilitate the using of RMB and GBP in trading and investment settlement , and to meet the requirements from the economy on reduction of exchange cost.

1. Direct trading and market making policy shall be used.
2. The formation method of RMB/GBP exchange central parity rate shall be improved.
3. CFETS will regulate the transactions and provide technical supports.