Move will also pave way for mainland Chinese investors to use the currency to trade Hong Kong-listed stocks.
Hong Kong will increase renminbi usage by issuing more yuan bonds and settling some government expenditures, paving the way for mainland Chinese investors to use the currency to trade Hong Kong-listed stocks, according to a minister.
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Thursday the move would address the question of how the city could use the yuan it received from various channels.
