Mainland China and Hong Kong deepen financial ties
PBoC and HKMA announce new measures to promote renminbi use
The People’s Bank of China (PBoC) and Hong Kong’s de facto central bank have announced measures aimed at bolstering the financial ties between the territory and the mainland and promoting the use of the yuan and renminbi-denominated bonds.
PBoC governor Pan Gongsheng outlined the measures today (January 13) at the Asian Financial Forum in Hong Kong, with the territory’s authorities providing further details later in the day.
New renminbi funding toolThe Hong Kong Monetary Authority (HKMA) will set
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