China’s bank tsar gives a vote of confidence to Hong Kong’s ‘vital and ‘indispensable’ role as Asia’s financial hub, offshore yuan centre

//China’s bank tsar gives a vote of confidence to Hong Kong’s ‘vital and ‘indispensable’ role as Asia’s financial hub, offshore yuan centre

China’s bank tsar gives a vote of confidence to Hong Kong’s ‘vital and ‘indispensable’ role as Asia’s financial hub, offshore yuan centre

Hong Kong has a vital and indispensable role to play in China to facilitate the economy’s so-called dual circulation development, as well as in the internationalisation of the yuan and the growth of the Greater Bay Area, said the country’s bank regulator.Hong Kong is “indispensable in many aspects” in China’s trade, investment, finance, legal, tourism and cultural activities, “so it is necessary for Hong Kong to further strengthen the cooperation and collaboration with the mainland,” said Guo…

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By | 2021-01-18T04:40:25+00:00 January 18th, 2021|Headlines|Comments Off on China’s bank tsar gives a vote of confidence to Hong Kong’s ‘vital and ‘indispensable’ role as Asia’s financial hub, offshore yuan centre