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28.10.26 - 23:00
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Beijing wants Hong Kong to sow the seeds for the digital yuan. Will its plans bear fruit? (SCMP)
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In September, Chief Executive John Lee Ka-chiu unveiled the city's first five-year plan along with his policy address, highlighting Hong Kong's strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the third part of a four-part series on the globalisation of the yuan, Xinmei Shen explores how Hong Kong is testing the interoperability of the e-CNY and other digital assets in an effort to broaden the currency's international appeal.
In a US Senate......
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27.10.26 - 23:06
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How Hong Kong went from a yuan gateway to a complete currency ecosystem (SCMP)
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In September, Chief Executive John Lee Ka-chiu unveiled the city's first five-year plan along with his policy address, highlighting Hong Kong's strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the second part of a four-part series on the globalisation of the yuan, Daisy Wu examines Hong Kong's evolution from an offshore reservoir into a self-sustaining yuan ecosystem.
Of the hundreds of thousands of people who cross the border between mainland......
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23.10.26 - 02:06
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Wall Street piles into Hong Kong′s dim sum bonds despite fading yuan funding edge: BofA (SCMP)
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Hong Kong's offshore yuan bond market is becoming an increasingly important funding source for global banks, with US lenders driving a surge in issuance even as the currency's traditional funding advantage over the dollar narrows.
The shift offers a glimpse of how financial ties between Wall Street and China are evolving despite geopolitical tensions. For US banks, the attraction increasingly lies in access to Chinese capital rather than lower borrowing costs.
Offshore yuan-denominated bonds,......
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20.10.26 - 09:54
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Hong Kong to cement its role as a yuan bond hub by appealing to more sovereign borrowers (SCMP)
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Hong Kong is opening its arms to more sovereign debt issuers, as this week's Apec Finance Ministerial Meeting (FMM) provides a good opportunity to demonstrate the depth and advantages of the city's financial markets.
Its signature dim sum bond market could leverage low fundraising costs relative to that of developed markets and risk diversification considerations to make the city a magnet for sovereign borrowers, including many members of the Asia-Pacific organisation, according to......
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12.10.26 - 13:12
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Hong Kong to expand indices, derivatives and yuan-denominated products: HKEX CEO (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) is planning further measures to boost market liquidity, attract more international investors and expand the use of China's currency, including through yuan-denominated gold futures and stock trading, according to a blog post by its CEO on Monday.
The plans come as the city steps up efforts to reinforce its position as a leading international financial centre, following priorities outlined in the government's policy address and the city's five-year......
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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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