Shanghai Clearing House targets global growth with expanded offshore yuan push

China is pushing a new model to boost international sales of its domestic bonds, with the Shanghai Clearing House (SHCH) leveraging global financial networks to expand the offshore yuan pool. Writing in a recent article, SHCH chief Ma Jianyang noted that the initiative was designed to solidify Shanghai’s dominance in offshore yuan derivatives clearing while insulating the domestic market from cross-border financial risks. As part of this push, SHCH will broaden its clearing services for…