HKMA in fresh drive to spur yuan trade

hong-kong-monetary-authority

The Hong Kong Monetary Authority (HKMA) on Thursday looked to further boost its role as a hub of yuan-denominated financial activity with a series of measures.

The measures, which seek to simplify the rules on renminbi denominated services, pave the way for Hong-Kong based banks which are not mainland entities to issue yuan-denominated debt. "The range of eligible issuers [of renminbi denominated debt], issue arrangements and target investors can be determined in accordance with the applicable r

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