HSBC Hong Kong cross-border wealth hub ambitions were reinforced by chief executive Georges Elhedery, who reaffirmed Hong Kong’s centrality to the bank’s long-term growth. He described the city as a core market and gateway between mainland China and global capital, predicting it would become the world’s largest cross-border wealth hub by 2030. Elhedery noted that HSBC has been adding around 100,000 new clients a month in Hong Kong over the past two years, highlighting the cit

China yuan stablecoin plans are under review as Beijing considers introducing yuan-backed tokens to accelerate currency...