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 ...

22 September 2025 Asian FX Focus: RMB Currencies At a critical level The USD-CNY fixing fell quite steadily after the 12 May trade truce but has stalled at 7.10-7.11 since late August. We can think of a few inter-related reasons. These factors together mean that another leg lower in the USD-CNY fixing could require a fresh catalyst, such as: the DXY index sees downward momentum again, concrete progress is made on US-China tariff issues, there are material USD sales by exporters and net capital inflows to ma ...