Offshore Yuan

Offshore yuan centres not the biggest threat to Hong Kong's financial sector

Lifting of the mainland's capital controls will leave very little for Hong Kong to offer in the offshore yuan business. Photo: AFP

As local banks uncork the champagne today to celebrate 10 years since they were first allowed to engage in personal banking in yuan, they still face significant challenges ahead.

Tuesday, 25 February, 2014, 12:33am 3 comments