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23.09.26 - 13:54
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Hong Kong sets yuan-trading timeline, backing Beijing′s push to boost currency′s use (SCMP)
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Hong Kong's securities regulator aims to include a yuan-trading counter in a cross-border channel linked with mainland Chinese investors by July 1, marking the latest step in the city's efforts to advance the internationalisation of the Chinese currency.
The measure, announced on Wednesday, is part of a strategic action plan unveiled by the Securities and Futures Commission (SFC) to support the implementation of Hong Kong's first five-year plan and the 2026 policy address presented by Chief......
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23.09.26 - 11:06
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Hong Kong unveils gold, bond and liquidity plans to drive next phase of yuan adoption (SCMP)
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Bourse operator Hong Kong Exchanges and Clearing (HKEX) will launch yuan-denominated gold futures early next year, while the city's de facto central bank plans to introduce more yuan products and platforms to support the diversification and digitalisation of the currency's internationalisation, speakers at a banking summit said on Wednesday.
“We have recently reactivated our gold contract in the US dollar. But in the future, perhaps sometime early next year, we will be coming up with a......
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22.09.26 - 11:30
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Hong Kong regulators to flesh out new yuan strategy after Beijing meetings (SCMP)
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Beijing and Hong Kong are laying the groundwork for a new phase of offshore yuan development and other goals after the city unveiled its first five-year plan, with banking and securities regulators set to provide more details on Wednesday.
The city's market regulator, the Securities and Futures Commission (SFC), would outline further details of the blueprint, chairman Kelvin Wong Tin-yau said on Monday.
Hong Kong Monetary Authority chief executive Eddie Yue Wai-man is also expected to elaborate......
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08.09.26 - 08:24
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Hong Kong stocks face double threat: US inflation and yen carry-trade risks (SCMP)
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Hong Kong and mainland Chinese stocks face a high-stakes week as investors navigate US inflation data, a strengthening Japanese yen and looming monetary policy decisions by two of the world's most influential central banks.
Friday's consumer price index in the United States will take centre stage, with the report arriving just ahead of the Federal Reserve's policy meeting next week. With Fed Chair Kevin Warsh already signalling a strong emphasis on curbing inflation, market analysts believe a......
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07.09.26 - 03:00
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Hong Kong′s yuan pool is growing. Can it turn liquidity into global demand? (SCMP)
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Hong Kong's top financial regulators have urged local banks to make greater use of the city's growing pool of offshore yuan liquidity, while also flagging the need to prepare for a coming wave of autonomous AI systems used in the financial sector.
Speaking at the Hong Kong Association of Banks (HKAB) Distinguished Speaker Luncheon, Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), called on lenders to leverage their international networks to expand the Chinese......
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24.08.26 - 02:06
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Yuan, Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs (SCMP)
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Hong Kong and mainland China are set to see continued growth in bond issuance denominated in Hong Kong dollars or the yuan through the rest of the year, as issuers reduce their reliance on US dollar-denominated bonds and seek cheaper funding costs, according to a senior executive at Standard Chartered Bank.
“As US dollar funding costs have increased, many bond issuers” have been turning to bonds denominated in other currencies to secure lower borrowing costs, said David Yim Sau-king, head of......
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24.08.26 - 01:06
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Hong Kong homebuyers snap up units at The Sterling as value-focused demand deepens (SCMP)
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Hong Kong homebuyers are still willing to spend, and the sell-out of a major new development on Saturday showed how demand is increasingly concentrated in projects that offer clear value as the housing recovery enters a more mature phase.
China Resources Land's The Sterling in southwestern Kowloon, in Cheung Sha Wan, sold all 180 units offered in its first price-list batch, generating nearly HK$1.6 billion (US$204 million). The project received more than 46,000 subscriptions, or more than 254......
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19.08.26 - 02:00
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Use of yuan hits 6-month high in Hong Kong′s fast-payment system (SCMP)
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Hong Kong's fast-transfer payments denominated in yuan surged to a six-month high in July, signalling accelerating adoption of real-time cross-border retail payment channels even as mainland Chinese authorities maintain tight controls on capital outflows.
Transaction values through Hong Kong's Faster Payment System (FPS) for yuan reached 350.3 billion yuan (US$60 billion) in July, marking a 34 per cent increase from February, according to official data published by Hong Kong Interbank Clearing......
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18.08.26 - 10:36
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Chinese treasury futures launch cements Hong Kong as premier yuan hub (SCMP)
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When the Hong Kong stock exchange launched five-year China government bond futures on August 3, it did more than simply expand the city's derivatives product suite.
As the only China government bond futures in the offshore market, the contract deserves attention as it finally gives international investors an exchange-traded tool to hedge against yuan interest rate exposure, strengthening Hong Kong's ability to price yuan assets, manage risk and serve global investors.
The launch comes as the......
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14.08.26 - 06:54
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Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status (SCMP)
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Hong Kong is set to welcome its first Shanghai free-trade zone offshore bond, using the landmark listing to defend its status as the world's pre-eminent offshore yuan hub, amid mounting competition from its mainland rival.
Hong Kong Exchanges and Clearing announced on Thursday that Shanghai Electric Global Capital – a financing arm of power and industrial equipment manufacturer Shanghai Electric – would list a 1.5 billion yuan (US$222.4 million) green free-trade zone bond on August 20.
The......
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03.08.26 - 10:30
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Hong Kong′s Chinese bond futures are a major step for the global yuan (SCMP)
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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......
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08.07.26 - 11:12
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China further boosts Hong Kong′s role as offshore yuan hub (SCMP)
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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......
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07.07.26 - 11:18
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Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand (SCMP)
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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......
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