The central government unveiled a raft of new measures to consolidate and develop the Hong Kong Special Administrative Region into an international financial center, including increasing the annual investment quota for the southbound Bond Connect from 500 billion yuan ($73.5 billion) to 800 billion yuan and considering issuing central bank bills in the SAR on a regular basis.

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.