Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum' bonds

julia-leung-hk-financial-bureau

The Hong Kong government is negotiating with China's central bank to allow more renminbi funds raised offshore in Hong Kong to be transferred to business operations on the mainland, says Julia Leung, Hong Kong's under-secretary of financial services.

Hong Kong government officials and industry participants are using both official and business channels to facilitate more corporates and multinational agencies to tap the city's offshore renminbi bonds market, which is estimated at 50 billion renmin

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