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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
Financial Secretary Paul Chan stated on Sunday that Hong Kong would expand its renminbi-denominated bond market and develop renminbi-denominated gold and commodity markets. This initiative aims to strengthen Hong Kong's role as a safe offshore platform, align with international rules, and enhance the nation's pricing power in these areas. Chan emphasized Hong Kong's unique role in meeting national financial goals, referencing the national five-year plan for building a financial powerhouse.
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