Hong Kong’s close economic connection with the mainland makes it a key yuan trading hub. Photo: AP
China to ‘strengthen’ Hong Kong as yuan trading hub, diversify forex reserves in 2022
- Support for Hong Kong as a yuan trading hub was among the central bank’s 2022 priorities
- The People’s Bank of China will also pursue more diversified foreign exchange reserves
Hong Kong’s close economic connection with the mainland makes it a key yuan trading hub. Photo: AP