久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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
 
主站蜘蛛池模板: 亚洲成人第一页 | 久久国产成人精品麻豆 | 九九国产精品 | 91精品自在拍精选久久 | 国产成人啪精品视频免费软件 | 亚洲黄色美女视频 | 一级黄色毛片免费看 | 久久精品免费播放 | 亚洲欧美中文在线观看4 | a级免费| 男人天堂免费 | 国产一级毛片视频 | 久久99国产乱子伦精品免费 | 久久国产乱子伦精品免费不卡 | 亚洲欧洲久久久精品 | 亚洲另类激情综合偷自拍 | 亚欧人成精品免费观看 | 国产精品秒播无毒不卡 | avove旗袍丝袜高跟啪啪 | 黄色毛片视频在线观看 | 亚洲日本视频在线观看 | 日本成a人片在线观看网址 日本成年人视频网站 | 久久久久日韩精品无 | 日韩激情无码免费毛片 | 全部免费的毛片视频观看 | 精品欧美一区视频在线观看 | 亚洲综合首页 | 日韩毛片基地 | 国产视频久久久 | 欧美日韩免费做爰视频 | 日韩一品在线播放视频一品免费 | 免费国产成人高清在线看软件 | 日本a级特黄三级三级三级 日本a一级片 | 亚洲欧美专区精品久久 | 国产网曝手机视频在线观看 | 国产精品国产三级国产an | 欧美在线播放视频 | 大狠狠大臿蕉香蕉大视频 | 亚洲精品久久久久网站 | 亚洲综合日韩精品欧美综合区 | 性做久久久久免费观看 |