(photo: Li Jiachao (right) met with Ouyang Weimin (left), President of China Development Bank yesterday to exchange views on the global and Hong Kong macroeconomic situation.) Chief executive Li Jiachao met with Ouyang Weimin, President of the China Development Bank (CDB) yesterday morning to exchange views on the global and Hong Kong macroeconomic situation. The Secretary for financial services and the Treasury, Mr Xu Zhengyu, was also present. Li Jiachao welcomed Ouyang Weimin and representatives of CDB to visit Hong Kong and thanked CDB for its active support and participation in the development of Hong Kong's bond market, connectivity mechanism and green finance over the years. He also pointed out that apart from supporting financial development, CDB also supported the construction of the three runway system of the Hong Kong airport and the financing of Hong Kong's first offshore LNG terminal project, which contributed a lot to Hong Kong's economic development. He pointed out that the national outline of the 14th five year plan supports Hong Kong to enhance its status as an international financial center and strengthen its function as a hub for global offshore RMB business. Hong Kong's offshore RMB market has developed vigorously in recent years. At present, it has the largest RMB capital pool outside the mainland of China, with a scale of more than 900 billion yuan. More than 70% of the global offshore RMB payments are processed in Hong Kong. In coordination with the state's promotion of financial reform, Li Jiachao said: "Promoting offshore RMB business is one of the key tasks of the SAR government. The SAR government looks forward to continuing to work closely with CDB on increasing the liquidity of offshore RMB, promoting the diversified development of offshore RMB products, and further improving the RMB financial infrastructure in the offshore market, so as to give full play to the unique advantages of Hong Kong's financial system under the 'one country, two systems', and cooperate with the state in promoting financial services to the real economy and RMB internationalization And deepening the reform and opening up of the financial market. " (news agency)