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Sources say majority State-owned helped RBS won the Chinese market.?Photo: Getty Images

In an agreement announced Tuesday, RBS said form a joint venture with Chinese Guolian securities dealer that will allow to sell bonds denominated in renimbi as well as lists of local Fellowship.

The agreement was announced after a meeting between Wang Qishan County Chinese Deputy Prime Minister and George Osborne, who is in China's trade mission to China led by David Cameron.

Majority belonging to the assisted State RBS win agreement, according to a source of knowledge of the situation, which stated that the Government was willing to move the Bank back on the Chinese market.

Two American banks have agreements similar to China, while French, German and Swiss banks are also represented in the country by local affiliates.

British banks were among the most determined to grow in China, and RBS explicit government support could lifting of patronage against the lender supported by the State.

HSBC, who moved his Chief Executive in Hong Kong at beginning of year, has no such arrangement in China, in spite of the Bank to make a strategic decision several years to focus on the strengthening of its investment banking business in emerging markets, especially China.

In a statement RBS said he was "strongly committed" to expand its own banking investments in China.

RBS already owns a stake in one of the largest banks in China with a 4 3pc holding in the Bank of China, bought in previous management of the Bank.

Since partial nationalisation of RBS, it has been scaled back its ambitions internaltion, selling off the coast of many of its international operations.

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