{"id":645291,"date":"2026-03-10T09:58:12","date_gmt":"2026-03-10T09:58:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/645291\/"},"modified":"2026-03-10T09:58:12","modified_gmt":"2026-03-10T09:58:12","slug":"exclusive-hong-kong-tipped-to-be-worlds-top-financial-centre-amid-global-yuan-expansion-plan","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/645291\/","title":{"rendered":"Exclusive | Hong Kong tipped to be world\u2019s top financial centre amid global yuan expansion plan"},"content":{"rendered":"<p>Hong Kong could emerge as the world\u2019s leading financial centre as the central government pushes to internationalise the yuan \u2013 a move that will advance the nation\u2019s development under the 15th five-year plan while also driving the city\u2019s own growth, a <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/national-peoples-congress?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">National People\u2019s Congress<\/a> (NPC) deputy has said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Li Yinquan said the city stood to benefit from increased capital as the yuan became more internationalised, since most global renminbi reserves and transaction volumes would naturally be held in Hong Kong.<\/p>\n<p>\u201cAs long as the stock, flow and trading volume are mostly in Hong Kong, this is a very huge benefit for Hong Kong,\u201d the veteran financier told the South China Morning Post on the sidelines of the annual \u201c<a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/two-sessions-2026-lianghui?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">two sessions<\/a>\u201d political gatherings in Beijing.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cIf China becomes the world\u2019s largest economy and \u2026 a financial powerhouse, the proportion of international renminbi among international currencies rises, and with the growth of the Chinese economy, at that time, Hong Kong may become the number one international financial centre in the world.\u201d<\/p>\n<p><img decoding=\"async\" alt=\"NPC deputy Li Yinquan is a veteran financier. Photo: Handout\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/03\/0f12e047-eb2b-4f0e-ae79-ad59df187587_686e78c9.jpg\" title=\"NPC deputy Li Yinquan is a veteran financier. Photo: Handout\"\/>NPC deputy Li Yinquan is a veteran financier. Photo: Handout<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Yuan internationalisation was a key focus of the national 15th five-year plan unveiled on Thursday during the two sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong could emerge as the world\u2019s leading financial centre as the central government pushes to internationalise the&hellip;\n","protected":false},"author":3,"featured_media":645292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[9710,64,74,87461,244663,79,8464,274340,2676,270235,405,241274,108538,39567,67,132,68,274339],"class_list":["post-645291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beijing","tag-business","tag-china","tag-chinese-peoples-political-consultative-conference","tag-cross-border-interbank-payment-system","tag-economy","tag-hong-kong","tag-li-yinquan","tag-london","tag-national-peoples-congress","tag-new-york","tag-paul-chan-mo-po","tag-renminbi","tag-swift","tag-united-states","tag-unitedstates","tag-us","tag-yuan-internationalisation"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116204294113641883","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/645291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=645291"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/645291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/645292"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=645291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=645291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=645291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}