Hong Kong working to boost global banks’ use of yuan trading tools

South China Morning Post - Oct 21, 2026

Hong Kong has vowed to engage more international banks in a debt securities clearing system, as part of a wider push to develop the city into a leading global yuan trading hub. “Hong Kong is actively promoting a number of measures to advance the city’s offshore yuan market to higher and deeper levels,” said Michael Wong Wai-lun, the city’s deputy financial secretary, during a Hong Kong event related to the Financial Street Forum on Wednesday. On the infrastructure side, Wong said the government...

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