Fiscal Budget 2026 | RMB counter to include Hong Kong Stock Connect, REITs to be included in mutual connectivity to attract high-quality issuers to issue RMB bonds
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The Financial Secretary Paul Chan proposed several measures to promote the internationalization of the Renminbi in the "2026 Financial Budget," including increasing the total quota for Renminbi business funding arrangements to 200 billion yuan, promoting foreign exchange transactions of the Renminbi with other currencies, regularly issuing Renminbi bonds, attracting high-quality issuers to increase the issuance of Renminbi bonds in Hong Kong, and exploring the inclusion of real estate investment trusts in the mutual market access
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