Expansion of Financial Operations

The People's Bank of China announced plans to significantly increase its national foreign exchange reserves and asset allocation in Hong Kong, aimed at enhancing the city’s financial markets. This strategy is part of broader efforts to deepen financial connectivity between Hong Kong and the mainland, making it more attractive for foreign investments. The focus includes the introduction of policies to improve offshore renminbi markets and facilitate cross-border payment systems, thereby reinforcing Hong Kong's status as an international financial hub. Additional measures include a liquidity funding facility worth 100 billion yuan to support trade financing, further fostering a healthy financial ecosystem in the region.