Hong Kong Unveils Roadmap to Bolster Bond Market, Offshore Yuan Hub
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Hong Kong’s top financial regulators on Thursday unveiled an ambitious roadmap to develop the city’s fixed-income and money markets, aiming to strengthen its role as a premier offshore yuan hub and a leader in digital finance.
The plan, jointly released by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), centers on four pillars: boosting primary market issuance, enhancing secondary market liquidity, expanding offshore yuan business, and building next-generation infrastructure.
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- Hong Kong’s regulators unveiled a roadmap to strengthen its fixed-income and money markets, focusing on primary issuance, secondary liquidity, offshore yuan expansion, and digital infrastructure.
- The plan includes 10 measures to attract global issuers and investors, expand yuan-denominated assets, and facilitate digital securities.
- Hong Kong already holds about 1 trillion yuan in deposits and handles over 70% of global offshore yuan payments, solidifying its offshore yuan hub status.
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Who’s Who
- HSBC
- David Liao, co-chief executive for Asia and the Middle East at HSBC, stated that measures designed to optimize bond repos and diversify products would enhance returns for bondholders and help expand Hong Kong’s yuan capital pool. This highlights HSBC's role in the region's financial development.
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