Yuan

As Beijing launches its new five-year plan, President Xi Jinping has revived his goal of turning China into a financial superpower. Analysts say Hong Kong, as a global financial centre, could play a key role in yuan internationalisation, digital yuan adoption, and cryptocurrency testing.

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Former People's Bank of China adviser Liu Shijin has urged China to leverage its massive buying power to increase yuan-settled imports, aiming to accelerate the currency's internationalization. The advice gains renewed relevance amid the yuan's recent appreciation and rising US dollar uncertainties under President Donald Trump.