Hong Kong to roll out measures boosting offshore yuan trading in July: finance chief

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Hong Kong plans to implement measures in July to boost offshore yuan trading and strengthen its role as a yuan trading hub. The government is pushing to increase the number of firms trading stocks in renminbi, enhancing financial market activity.

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Authorities are expected to roll out measures to strengthen Hong Kong’s role as an offshore Chinese yuan hub next month, the finance chief has revealed, with the government pushing to increase the number of listed firms trading stocks in renminbi. Financial Secretary Paul Chan...