 |
| No.3 June, 2012 |
|
| |
|
| |
HKSAR Government welcomes Central Government's measures to strengthen Mainland-Hong Kong co-operation |
|
| |
|
|
| |
 Financial Secretary John Tsang welcomes the measures the Central Government announced on June 30 to strengthen co-operation between the Mainland and Hong Kong.
Fifteen of the measures relate to financial services and will expedite the development of offshore renminbi business in Hong Kong.
The Monetary Authority also welcomes the measures, that include issuing more renminbi sovereign bonds in Hong Kong and arranging for Mainland banks and enterprises to issue more Renminbi bonds in Hong Kong.
These measures underscore the important role Hong Kong plays in promoting the cross-border use of renminbi, the authority said, and helps consolidate Hong Kong's status as a global centre for offshore renminbi trade settlement, financing and asset management.
The measures for promoting Hong Kong's RMB business include supporting Guangdong Province to proactively explore, on a pilot basis, initiatives to continuously expand cross-border RMB business; facilitating banks and enterprises in the Mainland to issue RMB bonds in Hong Kong; expanding the use of RMB overseas by supporting third parties to conduct trade settlement in RMB through Hong Kong and developing an offshore RMB loan market; raising further the quota under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme, expanding the coverage of the pilot scheme to include Hong Kong-funded institutions, and relaxing the investment restrictions of the scheme; and exploring cross-border lending on a pilot basis in Qianhai.
On the securities market, the Central Government promotes the establishment of a joint venture company by the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Hong Kong Exchanges and Clearing Limited; approves the issuance of Exchange Traded Funds which will be mutually listed on the stock exchanges in the Mainland and Hong Kong; and supports Mainland enterprises that satisfy Hong Kong's listing requirements in listing in Hong Kong, and creates favourable conditions for Mainland enterprises, especially small and medium enterprises, to raise capital through direct listing in overseas markets.
Please click into this link for more details. |
|
| |
|
|
|
| |
 |
|
|
| |
|
|
|
| |
|
|
|
|
|
