PBoC Deputy Governor Zou affirms will continue efforts to enhance market connectivity between mainland and Hong Kong

• Pledges continued backing and steady development of Hong Kong’s offshore RMB market.
• To coordinate with authorities to increase yearly offshore RMB government bond issuance.

The reaffirmation by PBoC Deputy Governor Zou about enhancing market connectivity and backing for Hong Kong’s offshore RMB market signals continued support for RMB internationalization. This could bolster confidence in Chinese assets and influence RMB liquidity, further impacting rates and risk sentiment, especially in Asian fixed income markets.