The Hong Kong SAR government stated on the 24th that it welcomes the People's Bank of China's announcement of a series of measures to deepen financial cooperation between the mainland and Hong Kong, and thanks the Central People's Government for continuing to support Hong Kong in consolidating and enhancing its position as an international financial center. The People's Bank of China and the Hong Kong Monetary Authority have decided to launch six policy measures, including including including the inclusion of bonds under the Bond Connect as qualified collateral for the Hong Kong Monetary Authority's RMB liquidity arrangements, and further opening up foreign investors to participate in domestic bond repurchase business. The Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, stated that six new measures will expand the connectivity between the financial markets of the mainland and Hong Kong, better meet the liquidity management needs of international investors for the mainland bond market, and help Hong Kong further play its role as an international financial center. The new measures also respond to the needs of residents and businesses in both regions for cross-border financial services. The Financial Secretary of the Hong Kong Special Administrative Region Government, Chan Mo po, stated that the new measures have improved and enriched the existing "Bond Connect" and "Cross border Wealth Management Connect" mechanisms. These measures will strengthen Hong Kong's unique role and function in connecting the mainland and international markets, as well as investors, and contribute to the sustained and orderly opening of the country's financial market. The Secretary for Financial Affairs and Treasury of the Hong Kong Special Administrative Region Government, Xu Zhengyu, said that the new measures bring new opportunities to the Hong Kong financial industry. The SAR government and various financial regulatory agencies will continue to maintain close contact with the People's Bank of China and relevant departments to jointly implement various policy measures to enhance the level of financial cooperation between the mainland and Hong Kong. The President of the Hong Kong Monetary Authority, Yu Wai man, stated that these measures will help promote the opening of the mainland financial market, consolidate and enhance Hong Kong's position as an international financial center and offshore RMB business hub. The Monetary Authority will closely cooperate with relevant departments and industry to ensure the smooth implementation of various measures as soon as possible, and explore other further optimization measures. (Lai Xin She)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Greater Bay Area
Recommended Reading Change it 
Home
