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Later this year, 150 billion yuan more will come onto the market.
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The UK is a pioneer in developing offshore yuan business in Europe.
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Net inflows so far this month have reached nearly 15 billion yuan.
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Rajpal identified the Chinese yuan options market as an area of opportunity.
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According to traders, other suppliers required about 10 million yuan per cargo.
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Rajpal identified the Chinese yuan options market as an area of opportunity.
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Long positions in the Chinese yuan fell to the lowest since mid-March.
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They fell to the lowest in a month for the Chinese yuan.
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The Chinese yuan, meanwhile, is flying high on China's world-leading economic recovery.
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Most Asian currencies including the Chinese yuan and the Indian rupee firmed.
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The Chinese yuan bucked the regional trend and strengthened, but only marginally.
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Analysts say a weak Chinese yuan has also translated into lower spending.
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Long positions in the Chinese yuan rose to the largest since late November.
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Sentiment toward the Chinese yuan was the most upbeat since April last year.
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The Chinese yuan jumped to its strongest level in more than a year.
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The Chinese yuan continued to post short positions, but sentiment became less pessimistic.
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The Chinese yuan and Taiwan dollar did not trade due to market holidays.
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Earlier in the day, the Chinese yuan hit a near-five-month high.
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The Chinese yuan has hit a new record high against the US dollar.
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In other currencies, the Chinese yuan appreciated for a third-straight day.
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The Chinese yuan hit a one-week high against the dollar earlier this week.
