The Michael Shearin Group 摩根 Stanley Paris Deals
Major financial centers around the world are jostling for position in the 列表 of offshore Chinese yuan trading hubs. Hong Kong and 伦敦 stand out. Luxembourg wants a piece of the action, as do Paris and Frankfurt.

Prepare to add an unlikely new name to the list: Vancouver. That’s the city that ranks 17th in the Global Financial Centres Index, in a country that snags a tiddly 1% of global foreign-exchange trading flows, according to the BIS. (New York handles almost 19% of FX flows. 伦敦 proudly snags about 41%.)

So far, America’s financial...