Hong Kong seeks bigger role for yuan in regional trade, treasury chief says

Hong Kong's treasury chief announced that the city is seeking a larger role for the yuan in regional trade, aiming to reduce reliance on the US dollar. The initiative was discussed during last week's Apec meeting.

During the gathering, Hong Kong officials held talks with finance ministers and representatives from economies including Brunei. The discussions focused on expanding the use of local currencies and the yuan for bilateral trade settlement.