BEIJING: Beijing will promote the further development of the offshore yuan market in Hong Kong as part of a new package of policies for the territory ahead the fifteenth anniversary of its return to China, the official Xinhua agency said on Wednesday.
Since Britain handed back the colony on July 1, 1997, the city's economy has grown increasingly intertwined with that of China, and Beijing has been eager to use the global financial centre as a testbed for major reforms, such as its growing push to internationalise the yuan currency.