news Scmp World 2026-07-10

Hong Kong's RMB Business Facility Boosts Yuan's Global Financial Role

Hong Kong has launched an enhanced RMB Business Facility, featuring a 150% larger quota, aimed at significantly increasing the use of the Chinese yuan in global business. This initiative strengthens Hong Kong's position as a financial hub.

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.

$

MXN · Minimum $10