Hong Kong has embarked on the path of drawing up its first five-year plan – a significant moment in its history. Hong Kong’s first five-year plan should be more than a local economic blueprint. Properly conceived, it should define how the city contributes to China’s national development while preserving the global connections that make Hong…
Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub. The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the…
China is considering doubling an investment channel local investors use to buy bonds overseas, according to people familiar with the matter, a major step in its efforts to loosen restrictions on financial flows. Regulators in the country have held early talks about expanding the so-called Southbound Bond Connect program to as much as 1 trillion…