<rt id="6oue2"><center id="6oue2"></center></rt>
Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Central bank to sharpen HK's financial edge

By CHEN JIA | China Daily | Updated: 2021-12-10 09:24
Share
Share - WeChat
A view of the Victoria Harbor in Hong Kong SAR. [Photo/IC]

Market connects, RMB-based products, BRI funding to brighten SAR prospects

The People's Bank of China, the central bank, will continue to support the Hong Kong Special Administration Region's development as an international financial center, its governor said on Thursday.

Measures in that direction are mainly for optimizing the financial market connect mechanism between the Chinese mainland and the SAR, as well as developing RMB-denominated financial products and tools, said PBOC Governor Yi Gang in a seminar.

The SAR can play a role in connecting the mainland and international financial markets, and authorities will further improve the connect programs, which channel funds between the mainland and the SAR to better satisfy investor needs, Yi said.

Multiple efforts will help strengthen Hong Kong's status as an international financial center, he said.

The seminar, entitled "Hong Kong's Position and Prospect as an International Financial Center", was jointly held by the PBOC and the Hong Kong Monetary Authority in Beijing on Thursday.

According to data from the PBOC, more than half of all the listed firms in Hong Kong are from the mainland, contributing more than 80 percent of the local market capitalization. Under the Securities Connect program, about 70 percent of the A shares held by international investors are traded in Hong Kong.

By far, Hong Kong contributes to nearly 50 percent of cross-border RMB payments, 60 percent of offshore RMB deposits and 80 percent of offshore RMB-denominated bond issuance, the central bank indicated.

Hong Kong is expected to provide stronger support in financing for projects related to the Belt and Road Initiative. As an important gateway for mainland enterprises' "going out" development, Hong Kong can support mainland enterprises as well as attract global investors to join the BRI construction projects through improved financial services, Yi told the seminar.

Eddie Yue, chief executive of the Hong Kong Monetary Authority, stressed continual improvements to regulatory regimes to mitigate risks and contribute to policy delivery and standard-setting at international regulatory forums, in order to strengthen the stability of Hong Kong's financial system.

Mu Changchun, director-general of the PBOC's Digital Currency Institute, told the seminar it is important to further enhance cooperation with Hong Kong under fintech and central bank digital currency initiatives.

The ongoing trial of the cross-border use of central bank digital currency, which is called the "mBridge", will further improve flexibility and expand docking services, which allow integration of different types of financial infrastructure as well as widen the scope of digital currency use cases, Mu said.

Hong Kong can help expand the cooperation network by inviting more partners to co-build and co-share the mBridge platform, he said.

The PBOC governor mentioned that RMB-denominated financial products would be expanded and risk management tools improved in Hong Kong as a means to promote the internationalization of the RMB.

Other efforts to strengthen Hong Kong's position as an international financial center include cooperation on the central bank digital currency, regulatory technology and green finance between the PBOC and the HKMA, Yi said.

On the recent fluctuations in the US dollar bond market, Yi said the short-term risk exposure of some individual real estate companies such as the Evergrande Group will not influence the financing functions of the market in the medium-to-long term.

As a mature international financial center, Hong Kong has established a complete and efficient financial system, which also has clear laws, rules and procedures to deal with relevant issues, Yi said.

The PBOC will continually build a level playing field and urge all enterprises and shareholders concerned to deal with debt issues in accordance with laws and market rules, fully respecting the rights and interests of creditors and shareholders who follow the legal order of debt redemption, Yi said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
做你的猫PR社,网红国产福利电影,美乳高清无码下载,国产原创麻豆剧三区,www啪啪岛国黄色,插痛卡一卡二卡三在线播放,国产闪现福利,91视频高三毕业金橘色,短视频国产91 国内偷拍精品主播露脸大全| 迅雷呦呦播放1080P| 微信白袜chinese王伦宝快递员| av亚洲男人导航一区| 国产美女动漫扮演在干| pr社玩具少女m视频在线观看| 久久99精品国产麻豆安娜| 东京热丝袜诱惑无码mpmagnet| 国产免费AV吧在线观看手机版| 探花偷怕| PR社福利姬38P| 磁链思思| 免费无码午夜福利BT,天堂| 韩国主播小牡蛎全集在线观看| 巨乳动漫无码高跟鞋| 户外露出bt搜索| 初犬在线秋霞| 金钱帝国国语在线观看| 大秀网红主播| 超碰麻豆、传媒精品| 女同阿v| 国产情景剧AV福利| 性感律师上门诱惑国产| 憋尿h视频| pr社m梦baby| 午夜福利短片| 91AV视频在线免费观看| 迅雷歌云mx在线播放巨乳| 超碰91极品| 亚洲欧美自拍另类在线播放| 国产3p 精品 在线| 91宅男午夜视频| 素人街头搭讪在线播放| md果冻91制片厂国产剧情| 潮吹女皇直播造人| 超级绝美人妻在线| 360水滴TP宾馆啪啪的视频| 亚洲有色av有色无码痴汉电车| www.299国产| 偷窥淋浴xxxx| pr社恶犬少女百度云| http://www.yeruigame.com http://www.robiteacher.net http://www.mobilemotorrepairs.com http://www.chambres-horloge-lectoure.com http://www.estudia10.com http://www.gemhpb.com