Hong Kong to play key role in China's financial opening-up: Bund Summit
3 months, 2 weeks ago

Hong Kong to play key role in China's financial opening-up: Bund Summit

China Daily  

Paul Chan Mo-po, the financial secretary of the Hong Kong Special Administrative Region, speaks during the 6th Bund Summit in Shanghai on Sept 5, 2024. Hong Kong will play a "unique and crucial role" in promoting China's high-level financial opening-up, said Paul Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region, at the 6th Bund Summit in Shanghai. Recognizing the growth potential, Chan emphasized that Hong Kong, as the world's largest offshore RMB center, will enhance its RMB infrastructure and offer more RMB products and risk management tools. He also highlighted the mBridge project, a cross-border digital currency platform jointly developed by the People's Bank of China, the Hong Kong Monetary Authority and numerous central banks.

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