China is widening global access to yuan assets and pushing Hong Kong as the offshore hub. PBOC's Zou Lan says swap lines will provide stable multi-layered offshore yuan liquidity, while CSRC's Li Chao

What happened: PBOC Deputy Governor Zou Lan said China will use currency swap arrangements more to provide stable, multi-layered yuan liquidity support to offshore markets and promote Hong Kong as an offshore hub. Why it matters: Zou said the measures would strengthen the offshore yuan market and aid the currency's international use, while regulators also outlined plans for cross-border cooperation and listings support.

PBOC Deputy Governor Zou Lan said China will use currency swap arrangements more to provide stable, multi-layered yuan liquidity support to offshore markets and promote Hong Kong as an offshore hub.

Zou said the measures would strengthen the offshore yuan market and aid the currency's international use, while regulators also outlined plans for cross-border cooperation and listings support.