---
title: "Fiscal Budget 2026 | RMB counter to include Hong Kong Stock Connect, REITs to be included in mutual connectivity to attract high-quality issuers to issue RMB bonds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276828773.md"
description: "The Financial Secretary Paul Chan proposed several measures to promote the internationalization of the Renminbi in the \"2026 Financial Budget,\" including increasing the total quota for Renminbi business funding arrangements to 200 billion yuan, promoting foreign exchange transactions of the Renminbi with other currencies, regularly issuing Renminbi bonds, attracting high-quality issuers to increase the issuance of Renminbi bonds in Hong Kong, and exploring the inclusion of real estate investment trusts in the mutual market access"
datetime: "2026-02-25T04:01:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276828773.md)
  - [en](https://longbridge.com/en/news/276828773.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276828773.md)
---

# Fiscal Budget 2026 | RMB counter to include Hong Kong Stock Connect, REITs to be included in mutual connectivity to attract high-quality issuers to issue RMB bonds

The Financial Secretary, Paul Chan, read the "2026 Budget" this morning, mentioning that the national "14th Five-Year Plan" proposes to promote the internationalization of the Renminbi and enhance the level of capital account openness. He stated that Hong Kong will leverage its unique advantages to actively align with the national development strategy. Specific measures include:

1.  The total quota for Renminbi business funding will double to RMB 200 billion at the beginning of the month, which will help financial institutions facilitate the broader use of Renminbi by enterprises and clients in trade and cross-border business;
    
2.  Promoting more convenient foreign exchange quotations and transactions between the Renminbi and other regional currencies to reduce transaction costs;
    
3.  Regularly issuing Renminbi bonds of different maturities to enrich the offshore Renminbi market products and improve the offshore Renminbi bond yield curve;
    

## Building the Offshore Renminbi Interest Rate Curve

1.  Actively collaborating with the industry to expand the construction of the offshore Renminbi interest rate curve and researching specific measures to strengthen the price discovery function of the short- to medium-term interest rate market; and
    
2.  Attracting high-quality issuers to increase the issuance of Renminbi bonds in Hong Kong, exploring emerging markets, and facilitating more cross-border Renminbi transactions in Hong Kong.
    

## Exploring Continuous Optimization of Bond Connect

To enrich the connectivity, the government will actively work with the mainland to expedite the implementation of launching government bond futures in Hong Kong, including real estate investment trusts (REITs) in the connectivity, incorporating Renminbi trading desks into the Hong Kong Stock Connect, and exploring continuous optimization of Bond Connect

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