Devisenmarkt Hong Kong (China)      25400.549     +0.17%     (Hang Seng Kurs)

 

On August 3, five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange. Market attention has focused on the new product, but its real significance emerges when set against the deep shifts under way in the international monetary system. History offers a clear lesson: no currency has graduated from a trade settlement currency to a genuine investment and reserve currency on the strength of trade flows alone. Behind every reserve currency stands a government bond market......

China's central bank announced more measures to expand Hong Kong's role as an offshore yuan hub, injecting “vitality” into the city's markets and supporting efforts to grow international use of the currency. Institutions in mainland China would be able to buy a net 800 billion yuan (US$118 billion) of offshore bonds each year via the Southbound Bond Connect scheme, an increase of 60 per cent, People's Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday. The scope of eligible products......

Hong Kong developer SEA Holdings Ltd. has hired advisers to offer for sale an office building in the City of London that's leased to the Bank of England....

Hong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday. Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue......

China's central bank announced a slew of measures aimed at expanding an investment channel between Hong Kong's financial market and the mainland, as well as enhancing the city's role in promoting overseas use of the yuan....

Mainland China's foreign reserve will have more allocation in the Hong Kong market, the governor of the People's Bank of China said on Tuesday. “This will give a vitality to the Hong Kong's development,” Pan Gongsheng told the Hong Kong FIC & Bond Connect Summit. More to follow ......

Hong Kong's finance chief says the city is planning new measures to boost offshore yuan trading, days after mainland Chinese authorities took steps to spur such trading in Shanghai. The initiatives will be announced next month, Financial Secretary Paul Chan Mo-po said in an interview with the South China Morning Post published on Monday. He declined to elaborate on the new measures. Hong Kong also wants to see more companies offering yuan-denominated shares on the city's stock exchange, Chan......

Hong Kong is aiming for an August launch date to open trading of Chinese treasury futures, a long-anticipated move as Beijing attempts to strengthen the city's status as a global hub for the offshore yuan and internationalise its currency. Trading for futures contracts on the five-year government bonds would commence on August 3 on the Hong Kong stock exchange, the Securities and Futures Commission (SFC) and the Hong Kong Exchanges and Clearing (HKEX) said in separate statements on Thursday. The......

Hong Kong is set to launch China government bond futures amid Beijing's efforts to promote global yuan usage and attract foreign capital....

Robust appetite for China's offshore yuan bonds is aggravating a quarter-end liquidity squeeze in Hong Kong, sending funding costs to a two-month high amid a seasonal surge in cash demand....

The People's Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong. The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among companies and institutions in Indonesia and Hong Kong, according to an HKMA statement. This initiative was......

The Ministry of Finance announced on Wednesday that it plans to issue 15 billion yuan (US$2.2 billion) worth of sovereign bonds in Hong Kong next week, marking its third issuance this year and strengthening the city's role as the world's largest offshore yuan trading hub. Analysts expected the issuance to be popular because the yuan had been appreciating against other currencies and many international investors were seeking to diversify their portfolios amid geopolitical tensions. The bonds,......

Hong Kong's debt market is surging, with Tencent Holdings and Swire Pacific raising more than US$5.2 billion in fresh funding, underscoring the city's growing role as an international bond hub. The issuers, ranging from China's tech champion to one of its oldest conglomerates, offered bonds across multiple currencies – US dollars, offshore yuan and Hong Kong dollars – highlighting the breadth of Hong Kong's fundraising platform. Tencent unveiled on Wednesday a dual-currency bond package worth......

China's market regulators will continue to support Hong Kong in consolidating its status as an international financial centre, and they expect the city to play to its advantages as an offshore yuan hub, according to the chairman of the Hong Kong Association of Banks (HKAB). To boost global adoption of the yuan, regulators urged Hong Kong banks to engage more deeply in offshore market development, Sun Yu said during a press conference in Beijing on Tuesday following a meeting on Monday between a......

Mainland Chinese buyers snapped up 5,777 Hong Kong homes in the first four months of 2026 – already equal to more than 41 per cent of last year's total transactions – as demand accelerated on the back of aggressive new home launches, rising rents and expectations of further yuan appreciation. The pace of buying picked up sharply in April, when mainland Chinese registrations rose nearly 48 per cent month on month to 1,892 deals, the highest level in two years. Transaction value climbed nearly 31......

Hong Kong is exploring the creation of a specialised mediation panel to handle international commodities disputes, as the city steps up efforts to position itself as a regional hub for metals trading, yuan-denominated commodities products and physical gold storage, Financial Secretary Paul Chan Mo-po said on Thursday. The proposed panel would focus on resolving disputes across the commodities supply chain – from mining and production to trading, warehousing and delivery – and would be developed......

China's biggest yuan bond sale in Hong Kong since 2023 drew record-low yields for both two- and 15-year debt, as Beijing speeds up its push to internationalize the currency and mop up pockets of excess liquidity offshore....

China is planning to issue the largest yuan sovereign bonds in Hong Kong since 2023 this month, increasing supply to global investors just as yuan assets stand out as a haven amid the Iran war....

Hong Kong And The Quiet Rewiring Of The Dollar System Authored by Peter C. Earle, Ph.D, Hong Kong's decision to move forward with its first stablecoin issuer licenses may prove to be about far more than digital payments. With HSBC and a Standard Chartered-led venture among the first approved issuers under the Hong Kong Monetary Authority's new framework, the city is placing major regulated banks at the center of the next phase of monetary technology. Stablecoins remain overwhelmingly USD- and US Treasury-denominated, with more than 90 percent of the market's roughly $300 billion capitalization tied to the US Treasury by one or the other, but the more important long-term story may be Asia's role in transforming stablecoins from simple crypto settlement tools into the foundation of a real-time, on-chain foreign exchange and collateral ecosystem. In monetary terms, this is one more step in the migration of fiat liabilities from legacy banking rails onto programmable bearer-like instruments, a...

More companies are using Hong Kong as a platform to tap yuan funds to finance their operations, thanks to the city's active capital market and a new 200 billion yuan (US$28.68 billion) liquidity facility that provides steady, cheap yuan funding, according to a Standard Chartered report on Wednesday. Among companies that have yuan exposure, about 24 per cent said they would like to increase yuan financing over the next three years, according to Standard Chartered, citing the results of a survey......