China’s central bank is likely to announce details of the next phase of liberalization of yuan business that can be done by Hong Kong lenders during the annual visit to Beijing this week by a delegation from the Hong Kong Association of Banks (HKAB), the South China Morning Post reported, citing local bankers.
The Hong Kong-based newspaper said the delegation, led by HKAB chairman and Bank of China (HK) vice-chairman and chief executive He Guangbei, and Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong, will start its four-day visit to the mainland by visiting Shanghai and then moving on to Beijing.
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