PBOC'S PAN said the central bank will coordinate with the Hong Kong government
and financial regulators on four priority areas to reinforce Hong Kong's
international financial centre role. The PBOC will support the launch of
offshore CNY sovereign bond futures — a five‑year CNY government bond futures
contract is due to list shortly — to enhance offshore risk management. It will
back development of a comprehensive financial trading platform, directing the
China Foreign Exchange Trade System (CFETS) to work with the HKMA and SFC to
support upgrading Bond Connect Co. into a trading‑platform operator to provide
trading infrastructure for bond, money and FX markets. The PBOC also plans to
expand use of RMB bonds as eligible collateral offshore and to continue
promoting a diversified Hong Kong financial market and its asset- and
wealth-management functions.
