Hong Kong’s exports posted their sharpest increase in 22 months, rising 18.8 per cent in November from a year earlier, driven by strong demand for electrical equipment, machinery and appliances, according to data released on Monday. The value of goods exported from the city during the month stood at HK$468.9 billion (US$60.3 billion), according to…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…