Hong Kong must continue to actively promote the development of its international financial center, particularly by further strengthening the financial interconnectivity between Hong Kong and the mainland, as well as enhancing CNI Xiangmi Lake Fintech Index and exploring green finance.
According to the Zhitong Financial APP, Eddie Yue Wai-man, the President of the Hong Kong Monetary Authority, visited Peking with representatives from the Banks Association to meet with different ministries including the People's Bank of China and the China Securities Regulatory Commission, to discuss the economic and financial situations of Hong Kong and the mainland. Eddie Yue expressed that Hong Kong should continue to actively promote the development of its international financial center, particularly by further strengthening financial interconnectivity with the mainland, enhancing CNI Xiangmi Lake Fintech Index, and exploring green finance, and thanked the central government for its support in the development of Hong Kong's international financial center.
Eddie Yue indicated that the mainland ministries believe that despite the complex external environment in recent years, Hong Kong has still achieved very good results in consolidating and enhancing its international financial center. They consider Hong Kong to be a hub for the development of offshore RMB business and will fully support Hong Kong's development in this area, further promoting reforms in the Banking Industry and Capital Markets as well as opening up. Throughout this process, Hong Kong will continue to leverage its internationalized capital markets platform to better support high-quality mainland enterprises in listing and raising funds in Hong Kong, and using Hong Kong as a starting point and base for international business, while also expanding interconnectivity and introducing some international capital to provide more overseas investment opportunities for the mainland.
