BUSINESSJul 8 · 09:11 UTCSCMP WORLDBrian Rhoads,Raymond Ma

China further boosts Hong Kong’s role as offshore yuan hub

China’s central bank announced measures to expand Hong Kong’s role as an offshore yuan hub, allowing mainland institutions to purchase a net 800 billion yuan annually via the Southbound Bond Connect scheme, a 60% increase. The move aims to inject vitality into Hong Kong’s markets and support broader international use of the yuan.

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People’s Bank of ChinaorganizationHong KongplaceSouthbound Bond ConnecttopicPan Gongshengperson

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