The People's Bank of China and the Hong Kong Financial Administration launched six measures, including the interconnection of the financial market, etc., to further deepen financial cooperation between mainland and Hong Kong.
Comprehensive reports from Bloomberg, Xinhua News Agency, and Sing Tao Daily, the Deputy Governor of the Central Bank of China Xuanchang Nengneng will announce the above news on Wednesday (January 24), and introduce these six items.Measures can be summarized as "three connectivity and three conveniences."
Xuanchang can point out that the first is to include bonds under the "bond" item into the qualified mortgage arranged by the Hong Kong HKMA's RMB flow funds.The second is to further open foreign investors to participate in domestic bond repurchase business.The third is to release the implementation rules of the "cross -border financial management" business pilot of the Guangdong -Hong Kong -Macao Greater Bay Area, and expand and facilitate personal investment channels in the Greater Bay Area.
Xuanchang can continue to finger. Fourth, the implementation of the Hong Kong and Macao residents' house purchase payment facilitation policies in the Greater Bay Area can better meet the demand for home property in Hong Kong and Macao.Fifth, expand the pilot scope of Shenzhen -Hong Kong cross -border credit reporting cooperation, and facilitate cross -border financing of Shenzhen -Hong Kong enterprises.The sixth is to deepen the cross -border pilot of digital RMB and bring more convenience to Hong Kong and mainland residents.
Xuanchang can say that the central bank of China will cooperate closely with the financial management department of the mainland and Hong Kong to jointly promote the implementation of various policies and measures, further optimize financial services, strengthen financial cooperation, and promote Hong Kong International FinanceThe center further developed.
From February 26, about 50 financial institutions under the "Bond" item will be included in the joint venture list of joint ventures arranged by the RMB flow funds of the Hong Kong HKMA.The bonds under the "bond" item are included in the Hong Kong Monetary Bureau's RMB flowing funds arrangements. It is the first time that it has established the guarantee function of domestic bonds in the offshore market, which is conducive to further enhance the attractiveness of the Chinese bond market.
From the same day, cross -border financial management has increased personal investment quotas from 1 million yuan (RMB, the same below, about S $ 190,000) to 3 million yuan, expanding the scope of investment products.Mainland and Hong Kong securities firms will also establish partnerships for the first time to jointly sell wealth management products.
Hong Kong has been deepening financial connections with the mainland in recent years, including the establishment of the stock market interoperability mechanism and bond communication to allow cross -border investment.Cross -border financial management was launched in 2021, allowing the continental and Hong Kong and Macao investors in the Guangdong -Hong Kong -Macao Greater Bay Area to establish a closed -loop fund pipeline established by the financial institution system in the regional financial institution system to invest in wealth management products sold by the other bank.
