rmb

The HKMA and CMU OmniClear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

Rmb internationalisation faces challenges from Trump’s determination to keep the US dollar as the leading global currency; FA understands that Hong Kong is taking a more "commercial" approach.

Will the Middle East provide an opportunity for China to push forward the internationalisation goal for its currency? Experts say it’s happening, but all too slowly.

The financial secretary wants to see greater development of the dual counter on the Stock Connect.

The move reduces exchange-rate risk and could encourage the accumulation of renminbi funds overseas over time, observers believe.

The bank is the first to set up a 100% foreign-owned securities firm via greenfield investment in the Mainland, since the market scrapped foreign ownership limits.

UOB China returned to the onshore bond market last week to tap its offer of ample liquidity and low yield.

Virtual banking, regulatory action and TLAC preparations in China are all talking points for industry leaders in China's capital markets.