China pledges support for trading of treasury bond futures in Hong Kong (opens original article in a new tab)

China supports Hong Kong's plan to trade yuan treasury bond futures, aiming to enhance the offshore yuan market and Hong Kong's financial role.

• China pledges support for Hong Kong to trade yuan-denominated treasury bond futures
• Beijing aims to boost yuan internationalization and Hong Kong's status as a financial hub
• Global investors are diversifying from the US dollar due to Middle East tensions and US fiscal issues