Hong Kong tipped to be world’s top financial centre amid global yuan expansion plan

South China Morning PostEN 1 min read 100% complete by Lam Ka-singMarch 10, 2026 at 01:30 AM

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Hong Kong is poised to become the world's top financial center due to China's push to internationalize the yuan, according to National People's Congress (NPC) deputy Li Yinquan. This initiative, a key focus of China's 15th five-year plan, aims to advance the nation's economic development. Li Yinquan stated that Hong Kong would benefit from increased capital flow as the yuan gains international prominence, with the majority of global renminbi reserves and transactions naturally occurring in the city. He believes that if China becomes a leading global economy and financial powerhouse, Hong Kong could become the number one international financial center. The plan was unveiled during the annual "two sessions" political gatherings in Beijing.

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South China Morning Post 30% Beijing 40% 15th Five-Year Plan ×260% National People's Congress (NPC) ×260% Li Yinquan ×370% Yuan ×270% China ×280% Hong Kong ×690%

Keywords

hong kong 100% yuan internationalisation 90% financial centre 90% renminbi 80% 15th five-year plan 70% china 70% economic growth 60% capital markets 50% global currency 50%