China News Service, Beijing, December 9th (Reporter Xia Bin) "Hong Kong International Financial Center Positioning and Prospects" joint seminar was held on the 9th. Central Bank Governor Yi Gang attended the meeting and delivered an online speech saying that the central bank will continue to support Hong Kong International Financial center construction.
Specifically, Yi Gang gives five aspects.
First, Hong Kong can play a good role as a bridgehead connecting the Mainland and the international market.
"We will continue to optimize various financial market connectivity mechanisms to better meet the needs of domestic and foreign investors. Hong Kong can continue to improve financial market services and consolidate its leading position in the global financial market." Yi Gang said.
Second, Hong Kong can provide greater support for the "Belt and Road" financing.
Yi Gang said that as an important gateway for mainland companies to "go global", Hong Kong can improve financial services and help mainland companies participate in the "Belt and Road" construction.
As a global asset management center, Hong Kong can also attract more international investors to participate in the joint construction of the "Belt and Road".
Third, Hong Kong can further develop RMB products and tools.
According to Yi Gang, Hong Kong plays an important role in the internationalization of the renminbi. In the future, based on the Shanghai-Shenzhen-Hong Kong Stock Connect, Bond Connect, and cross-border wealth management connectivity mechanisms, the renminbi-denominated product system can be further expanded and risk management tools improved.
Fourth, Hong Kong can actively explore financial technology.
Yi Gang mentioned that one of the first three innovation centers established by the Bank for International Settlements settled in Hong Kong.
With the support of the center, the Central Bank of China, the Hong Kong Monetary Authority, the Bank of Thailand and the UAE Central Bank jointly promoted the multilateral central bank digital currency bridge project.
The Central Bank of China also signed the "Memorandum of Understanding on the Supervision and Cooperation of Fintech Innovation in the Guangdong-Hong Kong-Macao Greater Bay Area" with the Hong Kong Monetary Authority.
"In the future, we can continue to promote cooperation and exploration in the central bank's digital currency and regulatory technology to fully tap the development potential of financial technology."
Fifth, Hong Kong can vigorously develop green finance.
Yi Gang said that both the Central Bank of China and the Hong Kong Monetary Authority are members of the Central Bank and Regulatory Agency Green Finance Network (NGFS) and the International Platform for Sustainable Finance (IPSF). We will continue to support the development of Hong Kong's green financial system.
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