{
  "id": 9326850,
  "title": "Hong Kong sets yuan-trading timeline, backing Beijing’s push to boost currency’s use",
  "url": "https://urgent.news/2026/09/23/hong-kong-sets-yuan-trading-timeline-backing-beijings-push-to-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T11:49:14.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/banking-finance/article/3368537/hong-kong-sets-yuan-trading-timeline-backing-beijings-push-boost-currencys-use"
  },
  "original_language": "en",
  "account": "Hong Kong's securities regulator, the Securities and Futures Commission (SFC), plans to launch a yuan-trading counter in a cross-border channel connecting mainland Chinese investors by July 1, 2024. This move, announced on Wednesday, is part of the SFC's strategic action plan to support the implementation of Hong Kong's first five-year plan and the 2026 policy address by Chief Executive John Lee Ka-chiu. SFC chairman Kelvin Wong Tin-yau expressed the hope that Hong Kong will become not only a hub for yuan products but also a platform for yuan asset allocation and risk management. The inclusion of a yuan counter via the Southbound Connect scheme would enable mainland Chinese investors to buy and settle Hong Kong-listed shares directly in yuan, bypassing the need to convert their currency into Hong Kong dollars first. The SFC CEO, Julia Leung Fung-yee, confirmed that the regulator aims to expand the range of yuan-denominated products. The revised timeline could potentially coincide with the 30th anniversary of Hong Kong's return to Chinese rule on July 1, 1997. The SFC also plans to encourage a wider range of products, such as exchange-traded funds and various asset classes, to be denominated, settled, and traded in yuan.",
  "summary": "Hong Kong’s securities regulator aims to include a yuan-trading counter in a cross-border channel linked with mainland Chinese investors by July 1, marking the latest step in the city’s efforts to advance the internationalisation of the Chinese currency. The measure, announced on Wednesday, is part of a strategic action plan unveiled by the Securities and Futures Commission (SFC) to support the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "VnExpress Business",
        "title": "Housing prices rise near Hong Kong's new port as linkage with mainland China draws residents",
        "url": "https://urgent.news/2026/09/23/housing-prices-rise-near-hong-kongs-new-port-as-linkage-with-mainland",
        "published": "2026-09-23T02:37:07.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "Hong Kong energised as global investment hub for green technology",
        "url": "https://urgent.news/2026/09/23/hong-kong-energised-as-global-investment-hub-for-green-technology",
        "published": "2026-09-23T04:00:06.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "China, Hong Kong stocks fall as investors temper hopes for Trump-Xi meeting",
        "url": "https://urgent.news/2026/09/23/china-hong-kong-stocks-fall-as-investors-temper-hopes-for-trump-xi",
        "published": "2026-09-23T05:48:24.000Z"
      },
      {
        "outlet": "Chartbook",
        "title": "Top Links 1233 Big tech guarantees. Gold and Hong Kong’s first Five Year Plan. P4M & death and money in Switzerland.",
        "url": "https://urgent.news/2026/09/23/top-links-1233-big-tech-guarantees-gold-and-hong-kongs-first-five",
        "published": "2026-09-23T10:45:25.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Hong Kong stock exchange to discuss extended stock trading hours",
        "url": "https://urgent.news/2026/09/23/hong-kong-stock-exchange-to-discuss-extended-stock-trading-hours",
        "published": "2026-09-23T12:16:58.000Z"
      }
    ]
  },
  "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."
}