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Hong Kong’s Chan Says City to Expand Market for Dim Sum Bonds
Source: Bloomberg
Currency & FXCredit & Bond MarketsCommodities & Raw MaterialsEmerging Markets
Hong Kong plans to expand its offshore yuan-denominated Dim Sum bond market and develop yuan-denominated gold and commodity markets, according to Financial Secretary Paul Chan. The initiative aims to strengthen Hong Kong’s role as an international financial center and increase its pricing power in renminbi financial and commodity products.
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