Hong Kong Pitches Yuan Settlement

Hong KongSoutheast Asia’s regional bloc is the city’s second-largest trading partner after mainland China.

Officials raised cutting dollar reliance with finance ministers, including Brunei’s, at last week’s Asia-Pacific Economic Cooperation meeting.

Treasury chief Christopher Hui said local currencies or the yuan can settle that trade, with offshore yuan bonds as one outlet.

The five-year plan to 2030, unveiled in September, names yuan internationalisation a high priority.

How each outlet framed it

South China Morning Post: reports Hui's APEC side talks with Brunei and ASEAN on yuan trade settlement, citing ASEAN as Hong Kong's second-largest trading partner