{
  "id": 8197443,
  "title": "'HK should spare no effort on RMB globalisation'",
  "url": "https://urgent.news/2026/09/18/hk-should-spare-no-effort-on-rmb-globalisation-8197443",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T06:54:19.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1870584-20260918.htm"
  },
  "original_language": "en",
  "account": "HSBC Asia-Pacific chairman Peter Wong has urged Hong Kong to make maximum efforts in promoting the globalisation of the renminbi. Speaking on RTHK's On Broadcast Drive, Wong highlighted the city's unique advantage as China's sole international financial hub. He argued that bolstering the renminbi's international standing would bolster Hong Kong's position. Wong emphasized the importance of expanding the pool of renminbi funds, as a larger pool would enable banks to offer a wider range of products. He pointed out that a substantial renminbi pool could facilitate direct purchases of Hong Kong stocks by overseas entities with surplus renminbi, thereby attracting more investment to the city. Wong also pointed to China's partnerships with countries in South America, Africa, and Southeast Asia that already utilize renminbi for trade settlements. He suggested that allowing these surplus renminbi to flow into Hong Kong would significantly boost the city's renminbi pool, cementing Hong Kong's status as the world's premier offshore renminbi center.",
  "summary": "Chairman of HSBC Asia‑Pacific, Peter Wong, says Hong Kong should \"spare no effort\" in promoting the internationalisation of the renminbi. Speaking on RTHK's \"On Broadcast Drive\", he said Hong Kong's key advantage is being China's only international financial centre and promoting the renminbi's internationalisation would strengthen that position. He said Hong Kong needs to grow its pool of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RTHK English",
        "title": "'HK should spare no effort on RMB globalisation'",
        "url": "https://urgent.news/2026/09/18/hk-should-spare-no-effort-on-rmb-globalisation",
        "published": "2026-09-18T06:54:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}