The interest rate gap between China and the United States is expected to remain despite expected US rate cuts, says BOC Hong Kong (2388).

And this can help the yuan's global push, managing director of yuan business Li Haiying told a forum on the yuan’s internationalization held by BOCHK.

The gap – currently around 3 percent -- may attract more multinationals to choose yuan-denominated financing products such as dim sum bonds for refinancing high-interest greenback loans to reduce funding costs, Li said.

She said the global shift toward de-dollarization and local currency settlements present fresh opportunities for the yuan, adding that Hong Kong can play a bigger role in its internationalization.