PBOC Unveils New Measures to Cement Hong Kong’s Yuan Hub Status

China’s central bank announced a slew of measures aimed at expanding an investment channel between Hong Kong’s financial market and the mainland, as well as enhancing the city’s role in...

By Charlie Zhu, Yujing Liu, Wenjin Lv, Iris Ouyang, Shulun Huang · Bloomberg Markets

China’s central bank announced a slew of measures aimed at expanding an investment channel between Hong Kong’s financial market and the mainland, as well as enhancing the city’s role in promoting overseas use of the yuan.