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Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status

South China Morning Post 14 August 2026 1h ago
Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status
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Hong Kong is set to welcome its first Shanghai free-trade zone offshore bond, using the landmark listing to defend its status as the world’s pre-eminent offshore yuan hub, amid mounting competition from its mainland rival. Hong Kong Exchanges and Clearing announced on Thursday that Shanghai Electric Global Capital – a financing arm of power and industrial equipment manufacturer Shanghai Electric –
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