Hong Kong eyes more capital inflows with wider use of yuan in trade, investment

Quick Summary:

HKEX is working to enable foreign investors to use Chinese government bonds as collateral for northbound Swap Connect transactions.

That will be in addition to an array of measures in the past that has made the city the biggest offshore yuan hub.“This year, we are working on enabling international investors to use China’s government bonds as collateral for northbound Swap Connect,” she said, referring to the move unveiled in July.“We will continue to build the tools the world needs to capture the opportunities and facilitate cross-border flow of fixed income products.

The summit is an annual event with a focus on the fixed income market.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Attract Yuan Capital Kong Financial Global Growth Opportunities Currency Investors Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 18:30:08 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 39 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23073167

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