Hong Kong Advisers Propose Yuan-Investment Program for Qianhai
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China should let financial institutions in Shenzhen’s Qianhai special zone invest yuan overseas, boosting Hong Kong’s holdings of the Chinese currency, a Hong Kong government-advisory body proposed.
The Financial Services Development Council suggested China sanction a quota of 50 billion yuan ($8.2 billion) and $5 billion for Qianhai under the Qualified Domestic Institutional Investor program.