Hong Kong’s Chan Says City to Expand Market for Dim Sum Bonds

Hong Kong’s Chan Says City to Expand Market for Dim Sum Bonds Hong Kong plans to expand the Dim Sum bond market and develop the yuan-denominated gold and commodity markets to further enhance the city’s financial role and pricing power, Financial Secretary Paul Chan wrote in his weekly blog Sunday. The national 15th Five-Year Plan proposes to accelerate the construction of a financial powerhouse, and Hong Kong’s role is clear and unique, including providing a safe and reliable offshore platform that is fully aligned with international rules, Chan said.