Hong Kong’s Offshore Yuan Market Evolves Into Global Funding Hub
A record pile of yuan in Hong Kong is making its way to corporate loans while driving a surge in capital market activity, signaling that China’s drive to internationalize its...
By Iris Ouyang and Shulun Huang · Bloomberg Markets
A record pile of yuan in Hong Kong is making its way to corporate loans while driving a surge in capital market activity, signaling that China’s drive to internationalize its currency is advancing.