Hong Kong to expand dim sum bond market, develop yuan gold and commodity markets, finance secretary says

Sun Sep 20 2026

Hong Kong plans to expand its dim sum or yuan bond market and develop yuan-denominated gold and commodity markets to help China strengthen its international pricing power, finance secretary Paul Chan said in a blog post on Sunday. The comments came after Hong Kong unveiled its first five-year plan. Chan said the city has a unique role to play in advancing China’s goal of becoming a strong financial power.

In outlining the plan, Hong Kong Chief Executive John Lee said the territory would launch a central clearing and settlement system for gold in 2027. Sales of “dim sum” or yuan bonds reached record highs of around 350 billion yuan ($52.3 billion) in the first half of this year, rising more than 60% from the same period last year. International borrowers accounted for half of the total, according to Goldman Sachs.

Meanwhile, offshore yuan loans in Hong Kong reached a record 935 billion yuan last year, Chan said in the blog post.

($1 = 6.6975 Chinese yuan renminbi)

Source: https://www.mining.com/