Hong Kong’s close economic connection with the mainland makes it a key yuan trading hub. Photo: AP
Hong Kong’s close economic connection with the mainland makes it a key yuan trading hub. Photo: AP
Yuan
Economy /  China Economy

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

Frank Tang
Frank Tang in Beijing

Updated: 6:15pm, 28 Dec, 2021

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Hong Kong’s close economic connection with the mainland makes it a key yuan trading hub. Photo: AP
Hong Kong’s close economic connection with the mainland makes it a key yuan trading hub. Photo: AP
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