Chen Maobo, director of the Hong Kong Financial Secretary, said that the Hong Kong government is actively preparing to increase the RMB counter in the Hong Kong Stock Connect, bringing new catalysts to the issuance and transactions of offshore RMB stocks.
According to a press release issued by the Hong Kong Government News Office, Chen Maobo attended the 5th Guangdong -Hong Kong -Macao Greater Bay Area Financial Development Forum and delivered speeches on Saturday (April 22).
He said that Hong Kong has the world's largest offshore RMB capital pool. At the end of last year, the total amount of RMB deposits in Hong Kong was close to 10 trillion yuan (the same below, S $ 193.6 billion), accounting for 60 % of the global total.About 70 % of the world's offshore RMB payments are processed by Hong Kong.The Hong Kong Government will make every effort to build an ecosystem of offshore RMB, provide more investment channels and tools for RMB pricing, strengthen offshore RMB asset risk management business, optimize related market infrastructure, to seize this huge opportunity, and help steady and cautiousPromote the internationalization of RMB.
Chen Maobo said that the internationalization of the RMB is the deepening and expansion of the financial market interconnection of mainland China and Hong Kong.After years of development, the turnover of Shanghai -Shenzhen -Hong Kong Stock Connect throughout the year increased from less than 200 billion yuan in 2014 to nearly 300 trillion yuan last year.Bonds, cross -border wealth management, exchanges trading funds (ETFs) are included in the interconnected bidding, interest rate interchange, etc. have been announced in recent years. In addition to further enriching the asset allocation options of mainland and international investors, they also provide them withMore risk management tools to further consolidate the orderly and open process of the national financial market.
He said that in March of this year, Shanghai -Shenzhen -Shenzhen -Honggangtong officially included eligible Shanghai Stock Exchange and Shenzhen Stock Exchange stocks into "north direction", as well as eligible foreign companies' shares in "southbound", which has it.Milestone meaning.On the one hand, it helps mainland companies to obtain international funds. On the other hand, Hong Kong's attracting high -quality international companies come to Hong Kong to go public.At present, the Hong Kong Government is actively preparing to increase the RMB counter in the Hong Kong Stock Connect, and is committed to bringing new catalysts to the issuance and transactions of offshore RMB stocks.These measures will further consolidate Hong Kong as the first -class international financing platform and bridge roles to the two -way portal of the mainland and international markets.
Chen Maobo pointed out that the Guangdong -Hong Kong -Macao Greater Bay Area has strong economic strength, strong industrial foundation, active atmosphere of innovation, high economic integration, strong linkage, and close personnel.Go in.Looking forward to the future, the brothers cities in the Hong Kong and Greater Bay Area can work together and complementary advantages. With the help of financial power, it can promote the higher quality development of each other's economy and contribute to the country's higher level of opening up in the financial field.
