The People's Bank of China will increase the allocation of national foreign exchange reserve assets in Hong Kong while expanding the Bond Connect program as part of a broader package of measures to strengthen the city's role as an international financial center, PBOC Governor Pan Gongsheng said on Tuesday.

The People's Bank of China will increase the allocation of national foreign exchange reserve assets in Hong Kong while expanding the Bond Connect program as part of a broader…

The governor of China’s central bank made the comment at the Hong Kong FIC & Bond Connect Summit on Tuesday.