Hong Kong's Yuan Hub Status Under Fire: Can a Single Bond Save the Day? Hong Kong has long been the undisputed champion of offshore yuan trading, but recent developments have left its status in peril.
The latest blow came this week when Shanghai Electric Global Capital announced it would list a 1. 5 billion yuan green bond on the Hong Kong Stock Exchange later this month.
The decision by Shanghai Electric to list its bond on the Shanghai market rather than Hong Kong's is significant, as it suggests that the company prefers tapping into China's vast pool of savings and government backed investment schemes over relying on foreign investors.