offshore renminbi – Charm

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

1 day ago01 mins

Hong Kong will expand the use of the yuan in areas including gold trading and cross-border payments, as policy blueprints call for the city’s biggest push yet to internationalise the Chinese currency. Chief Executive John Lee Ka-chiu on Wednesday devoted part of the city’s first five-year plan and his annual policy address to developing a…

Beyond IPOs: HK’s new financial mission

1 month ago012 mins

For years, international investors have steadily increased their exposure to China’s bond market. The attraction was clear. China had built the world’s second-largest bond market, now valued at close to 200 trillion yuan ($30 trillion), offering global asset managers a new source of diversification and access to one of the world’s largest economies. Yet one…