Hong Kong to become centre for renminbi bonds

Hong Kong’s financial regulator has met with the People’s Bank of China to discuss the issuance of renminbi bonds in Hong Kong by financial institutions on the mainland.

The meeting took place between two senior executives of the Hong Kong Monetary Authority – financial secretary Henry Tang and chief executive Joseph Yam – and the governor of the People’s Bank of China, Zhou Xiaochuan.

They met in Beijing to discuss imminent rules on how potential borrowers will apply to issue the bonds. Trading

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