Xu Zhengyu, director of the Hong Kong Financial Affairs and Treasury Bureau, said that countries in the Middle East can explore green bonds that issue RMB pricing in Hong Kong and introduce more international capital that is interested in green and sustainable finance through the Hong Kong market.
Xu Zhengyu published a blog on Tuesday (October 3) on the official website of the Hong Kong Finance and Economics and Treasury Bureau to introduce him to the above month when he visited Qatar and Egypt, and made the above expression.
Xu Zhengyu said that promoting Hong Kong's RMB financial business is one of his priorities.According to him, Qatar has established the RMB clearing center in 2015, becoming the first case in the Middle East, facilitating participants in the region to start contacting the RMB market.Egypt is also preparing to issue "Panda Bonds" and directly participate in the RMB financing market.
Xu Zhengyu believes that as China and the Middle East have established more close economic and trade relations, just like Qatar and China Energy Corporation signed a total value of about $ 61 billion (about S $ 83.7 billion) at the end of last year (about S $ 83.7 billion)The amount of natural gas supply is about, and the amount of RMB for bilateral trade settlement will begin to increase, and the demand for RMB investment products and other plans in the Middle East government and enterprises will increase.
He pointed out that Hong Kong, as the largest offshore RMB center, has sufficient capital pools, rich product ecosystems and diversified risk management tools, which can definitely take advantage of Dongfeng to serve the RMB investment in the Middle East.Financing demand, while helping the RMB internationalization.
Xu Zhengyu said that by the market trend of the RMB interest rate, countries in the Middle East can explore the green, blue or social bonds that are issued in Hong Kong for the issuance of RMB pricing, and introduce more pairs of green and sustainable green and sustainable through the Hong Kong market.Interested international capital.
Xu Zhengyu mentioned that the Hong Kong government will continue to discover the opportunities of financial cooperation opportunities under the strategy of Hong Kong and the Middle East under the "Belt and Road" strategy, and actively participate in and establish related activities and platforms to show and implement Hong Kong as the international international as the international international as the international.The ability and projects of the financial center to serve the “Belt and Road” investment and financing needs have further contributed to the “Belt and Road” initiative in China.
