Starry Lee to propose boosting Hong Kong’s role as offshore yuan hub at ‘two sessions’

Hong Kong must bolster its role as an offshore renminbi hub and expand its bond market amid escalating tensions of the US-Israel strikes on Iran to attract global capital during turbulent times, the city’s sole delegate to the nation’s top legislative body has said. Starry Lee Wai-king, Hong Kong’s sole delegate to the National People’s Congress (NPC) Standing Committee and president of the Legislative Council, said this was one of the proposals she planned to make at the “two sessions” as...

By Matthew Cheng