

China Backs Hong Kong’s Role in Global Yuan Financing
Hong Kong yuan financing received fresh support after the People’s Bank of China said it will deepen financial market links between the mainland and Hong Kong to facilitate global investment and financing in renminbi. PBOC Deputy Governor Zou Lan said more than 800 overseas institutional investors have accessed China’s onshore bond market via Bond Connect through Hong Kong, with holdings exceeding RMB810bn (USD113bn), about a quarter of total foreign bond holdings. Bond tradi
Jan 28





