China News Agency, Hong Kong, June 5th. The Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, published a blog on the 5th, saying that the Hong Kong Special Administrative Region government will continue to enrich the diversified development of Hong Kong's financial market. As long as we recognize our own advantages and positioning, and grasp the international situation, To serve the needs of the country well, Hong Kong's financial industry will be able to achieve further improvement in quality and quantity.
In his blog, Chen Maobo said that to develop Hong Kong into a more comprehensive and in-depth international financial center, the stock market, bonds, funds, insurance and derivative products are all areas that are fully promoted.
In recent years, the Shenzhen Municipal Government has issued overseas bonds in Hong Kong, and the Hong Kong Special Administrative Region Government also issued green bonds denominated in euros and RMB for the first time last year, indicating that the Hong Kong bond market has achieved great success in terms of development speed, market size, product types and risk management. nice development.
He also mentioned that Hong Kong is already the world's largest offshore RMB business hub. From the perspective of international trends, as the country's economy continues to expand, the demand for RMB in international trade, investment and reserves will continue to increase.
As an offshore RMB business hub, Hong Kong will play a more critical role.
He said that looking forward to the future, the SAR government will further promote the development of Hong Kong's offshore renminbi ecosystem in various directions, and provide more investment tools and channels denominated in renminbi.
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