{"id":310672,"date":"2026-02-26T05:06:17","date_gmt":"2026-02-26T05:06:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/310672\/"},"modified":"2026-02-26T05:06:17","modified_gmt":"2026-02-26T05:06:17","slug":"hong-kong-seeks-to-hone-edge-as-offshore-yuan-hub-digital-asset-front-runner","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/310672\/","title":{"rendered":"Hong Kong seeks to hone edge as offshore yuan hub, digital-asset front runner"},"content":{"rendered":"<p>Hong Kong is aiming to sharpen its competitive edge as an offshore yuan hub, an asset and wealth management base, and a digital-asset front runner under Financial Secretary Paul Chan Mo-po\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/hong-kong-budget-2026-27?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">budget<\/a> released on Wednesday.Market participants largely welcomed Hong Kong\u2019s renewed push to strengthen its position as an international financial centre, after <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/paul-chan?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Chan<\/a> highlighted the city\u2019s unique role in driving the yuan\u2019s internationalisation and capital account opening.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The initiative comes as Beijing deepens its high-standard opening-up drive amid accelerating de-dollarisation and growing investor demand for alternative assets. With China aiming to become a global financial powerhouse, Hong Kong is seeking to stay ahead by leveraging its role in handling more than 75 per cent of offshore yuan settlements and by making yuan-denominated investment products a key priority.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Chan said Hong Kong would issue yuan-denominated bonds of varying tenors regularly to enrich product offerings in the offshore yuan market and improve the yield curve. It will also seek to attract \u201chigh-quality issuers\u201d to offer yuan notes in Hong Kong while tapping into emerging markets to bring more cross-boundary yuan transactions to the city.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">By issuing yuan-denominated bonds, especially of longer tenors, the authorities hoped to broaden the investor and issuer base, a government source said. The insider added that the high-quality issuers would be the likes of sovereign entities and multilateral development banks, given their almost risk-free credit profiles, which would serve as examples for other overseas companies to follow.<\/p>\n<p><img decoding=\"async\" alt=\"Financial Secretary Paul Chan delivers his budget. Photo: Sam Tsang\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/02\/0e02c3f1-5c8f-4df5-9278-c992d2e88244_52519f63.jpg\" title=\"Financial Secretary Paul Chan delivers his budget. Photo: Sam Tsang\"\/>Financial Secretary Paul Chan delivers his budget. Photo: Sam Tsang<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Dim sum bonds \u2013 yuan-denominated notes issued outside mainland China \u2013 have become a mainstream financing tool as tech firms and global companies tap deeper yuan liquidity amid a stronger currency.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong is aiming to sharpen its competitive edge as an offshore yuan hub, an asset and wealth&hellip;\n","protected":false},"author":2,"featured_media":310673,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[155670,114,1657,15516,22926,184,155666,25063,155664,3448,85,46,155668,155669,155665,20485,5101,67284,155667],"class_list":{"0":"post-310672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-benjamin-hung","9":"tag-business","10":"tag-china","11":"tag-deutsche-bank","12":"tag-digital-assets","13":"tag-economy","14":"tag-ex-io","15":"tag-financial-secretary-paul-chan-mo-po","16":"tag-financial-services-development-council","17":"tag-hong-kong","18":"tag-il","19":"tag-israel","20":"tag-pwc-asia-pacific","21":"tag-raffles-family-office","22":"tag-rex-ho","23":"tag-stablecoin","24":"tag-web","25":"tag-yuan","26":"tag-yuan-denominated-bonds"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/310672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=310672"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/310672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/310673"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=310672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=310672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=310672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}