China’s trading crackdown seen boosting Hong Kong as official capital hub (opens original article in a new tab)

China's trading crackdown could strengthen Hong Kong's financial role as an offshore yuan hub, according to economists, as Beijing channels more capital through official channels.

• China's crackdown on cross-border securities trading may enhance Hong Kong's financial role as an offshore yuan hub.
• Economists suggest Beijing is tightening capital outflow controls while expanding Hong Kong's connect schemes for capital flows.
• Hong Kong's role is shifting from a conduit for foreign investment to a hub for intermediating China's domestic wealth.