FS says HK key to national financial goals
5 Articles
5 Articles
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = Amidst growing interest in gold due to the weakening confidence in the U.S. dollar, the Hong Kong government is pushing to establish an international gold trading market...
FS says HK key to national financial goals
Financial Secretary Paul Chan on Sunday said Hong Kong would expand its renminbi-denominated bond market as part of efforts to strengthen its role as a safe, reliable offshore platform that fully aligns with international rules. Writing in his weekly blog, he said the government would also develop renminbi-denominated gold and commodity markets, to help strengthen the nation's pricing power in these areas. He noted the national five-year plan c…
Hong Kong plans to expand dim sum bond market and yuan-denominated gold trading
Hong Kong's strategic financial initiatives could significantly enhance its role as a global yuan hub, strengthening economic ties with China.
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