Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status

Hong Kong is set to welcome its first Shanghai free-trade zone offshore bond, using the landmark listing to defend its status as the world’s pre-eminent offshore yuan hub, amid mounting competition from its mainland rival. Hong Kong Exchanges and Clearing announced on Thursday that Shanghai Electric Global Capital – a

SHANGHAI, Aug 13 : The U.S. dollar-Chinese yuan has become the most-traded currency pair in Hong Kong, surpassing the Hong Kong dollar-U.S. dollar for the first time in April, the financial hub's Treasury Markets Association said.• Average daily foreign exchange turnover in Hong Kong rose to $908.2 billion in April, th