London is looking to Chinese firms for more IPO business

Increase in yuan trading should pave the way for more listings on the LSE

London is developing a growing reputation as a yuan trading center. It is hardly surprising then that Chinese companies will eventually launch more initial public offerings on the London Stock Exchange.

While the city, as it is known, is one of the most important financial centers in the world, the majority of Chinese companies have favored New York, Hong Kong or Shanghai in the past few years when it comes to IPOs.