The People’s Bank of China said Thursday that it will issue central bank bills in Hong Kong next week, a tool which is typically used to stabilize the yuan’s exchange rate in the offshore market.

HONG KONG] The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, ...

Offshore RMB activities experienced a setback, however, after the People’s Bank of China changed the way it set the central parity rate in August 2015. RMB deposits in Hong Kong fell from 1.0 ...

The Bank of China was founded in 1912 to replace the Government Bank of Imperial China, and is the oldest bank in the country. Its headquarters are located in Hong Kong. SHOW FULL PROFILE ...

[HONG KONG] Hong Kong’s central bank head said on Wednesday that he expects Chinese capital flows going through Hong Kong to provide the biggest opportunity for the financial hub in the next few years ...

Declines come as trade war between world’s two largest economies escalates. Read more at straitstimes.com. Read more at ...

HONG KONG, March 26 (Reuters) - (This March 26 story has been corrected to say that wealth connect accounts reached 95,000 accounts in the 12 months from February 2024, not four months, in ...

Sponsored Bank Accounts "I'm quite hopeful that all these Southbound capital coming out from China into the world through Hong Kong will help provide the next push for Hong Kong's capital markets ...

HONG KONG (Reuters) - Hong Kong’s central bank head said on Wednesday that he ... relax rules on a wealth connect programme with China’s Greater Bay area and is exploring whether it can ...