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The expansion will give more financing options to Suzhou and Tianjin corporates as well as provide financial institutions and investors in Singapore additional avenues to deploy their growing RMB liquidity in Singapore.
Looking to the future, Xi said, China wishes to join hands with Britain "as we press forward in a spirit of mutual respect and equality and as we pool our efforts in the drive for mutually beneficial results."
Chinese President Xi Jinping will pay a state visit to Britain on Oct. 19-23, the first by a Chinese head of state in a decade. Xinhua is wiring a series of in-depth stories on Chinese-British relations and the visit.
"We embrace the RMB, we offer it as an alternative method of financing and alternative means of exchange," he said.
British Chancellor of the Exchequer George Osborne, during his China visit last month, promised that Britain will work with China to make AIIB a professional, responsible, transparent and effective financing platform.
来源：资阳报