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Hong Kong Expands Yuan Facility to 500 Billion Yuan and Raises Southbound Bond Connect Quota

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2026-07-11 15:11:54
Beijing and Hong Kong unveiled measures on July 7, 2026, expanding the Hong Kong Monetary Authority’s yuan business facility to 500 billion yuan and increasing the annual Southbound Bond Connect investment quota to 800 billion yuan.

According to NS3.AI, Hong Kong also began trial operations of a central gold clearing and settlement system and revived U.S. dollar-denominated gold futures.

The measures are aimed at improving the usability of yuan funding and gold settlement for institutions, particularly those seeking alternatives to U.S. dollar-based routes.
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