Hong Kong bankers plan working group to develop business ties in emerging markets

Quick Summary:

The working group will do roadshows and update industry players on new policies and regulatory measures in Hong Kong, association says.

The emerging-market working group will be established as Beijing strives to deepen financial-market inter-connectivity and enhance Hong Kong’s position as the biggest offshore yuan hub with a new 100 billion yuan (US$13.6 billion/HK$106 billion) liquidity facility to spur yuan-settled trade.

The role rotates annually among the chiefs of Standard Chartered, HSBC and Bank of China (Hong Kong).

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChinaOman

Topics: Measures Banks Kong Hong Trade Working Association Huen Yuan Plans Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 08:30:12 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25269391

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