Hong Kong to roll out measures boosting offshore yuan trading in July: finance chief

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the China-morning-post" class="entity-link entity-organization" data-entity-id="12558" data-entity-type="organization">South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead.Authorities are expected to roll out measures to strengthen Hong Kong’s role as an offshore Chinese yuan hub next month, the finance chief has revealed, with the government pushing to increase the number of listed firms trading stocks in renminbi.Financial Secretary Paul Chan Mo-po also defended the city’s international financial centre status amid criticism of a heavy reliance on mainland Chinese initial public offerings (IPO), saying it was a strength rather than a weakness that the city served as a gateway for such overseas expansion.