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Hong Kong Financial Secretary Paul Chan revealed that over 70% of global offshore RMB payments and settlements are processed directly through the city.
With monthly interbank clearing volumes surging past 41 trillion yuan averaging a massive 2 trillion yuan every single business day Hong Kong's position as the world's premier offshore RMB hub is indisputable. As RMB internationalization accelerates alongside new HKMA liquidity measures, the city continues to serve as the definitive gateway for global capital looking to clear, trade, and invest in Chinese currency assets.
#70%OffshoreRMBViaHK #HongKong #RMB #MacroEconomics #FinanceNews
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