Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub. The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), sets out plans to broaden offshore yuan usage and expand cross-border Connect schemes to enhance offshore liquidit ...

“Made in China” labels have come to dominate global goods trade — much to the chagrin of US President Donald Trump — even as the nation’s financial markets remained walled off from the world. Now, after years of tentative opening, a tipping point has been reached that may have global implications every bit as significant as China’s manufacturing revolution. For the first time, the amount of money pouring in and out of China in search of investment opportunities is exceeding the value of goods and service ...