Hong Kong plans to expand Dim Sum bond market and develop yuan-denominated gold and commodity markets
Bloomberg reports that Financial Secretary Paul Chan outlined the plans in his weekly blog, aiming to enhance Hong Kong’s financial role and pricing power.
TLDR
Bloomberg, citing Financial Secretary Paul Chan’s weekly blog, reports that Hong Kong plans to expand the Dim Sum bond market and develop gold and commodity markets denominated in yuan. Chan described the plans as a way to further enhance the city’s financial role and pricing power.
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