Hong Kong Holds Strong as Global Finance Hub 🏙️💹
Hong Kong SAR retains its position as the 4th largest forex hub and top offshore Renminbi center, with transaction volumes soaring, per BIS data. 🌍💸
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Foreign Investments in Chinese Bonds Surge by $41.6B in Q1 2024 🌏💹
Foreign holdings of Chinese bonds surge by $41.6B in Q1 2024, doubling 2023’s total, driven by stable returns and a growing global use of the renminbi.