Hong Kong pushes yuan trade settlement at APEC, seeks to cut dollar reliance

Hong Kong's treasury chief held talks at APEC with Brunei and other economies on expanding yuan and local-currency use in bilateral trade, aiming to reduce dollar dependence. This is a continuation of China's de-dollarization push, but the explicit regional outreach at a multilateral forum signals a more coordinated effort. The impact is gradual, but it underscores a structural shift in trade settlement dynamics.

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