Head of Invest Hong Kong: The Hong Kong government will promote the development of the financial market from multiple aspects and explore new growth points for the financial industry

Odaily News At the 2024 Hong Kong SmartCon conference hosted by ChainLink, Alpha Lau, Head of Invest Hong Kong, delivered a keynote speech entitled "2024 Chief Executive's Policy Address: New Business Opportunities in Hong Kong's Financial Services Sector". She said: "The Hong Kong government will continue to improve the RMB market access system, consolidate its position as the world's largest offshore RMB center, further promote the internationalization of the RMB, improve the RMB infrastructure, upgrade the RMB central money market unit, and meet the needs of international investors to settle various types of assets in different currencies. We will continue to explore more diversified offshore RMB financing channels; we plan to provide more RMB-denominated investment products. In the future, Hong Kong will issue more RMB bonds, including more green bonds and sustainable bonds. In the future, we will also seek support from the Ministry of Finance of China to expand the scale and frequency of RMB sovereign bonds and launch relevant bond futures as soon as possible. In addition, Hong Kong is also communicating with relevant mainland departments to expand the scope of mainland investors to non-bank institutions such as securities companies and insurance companies. In addition, Hong Kong will continue to explore physical gold storage, promote more gold trading, settlement, delivery and other activities, and build a larger gold trading center. The Hong Kong government will also further develop world-class gold storage facilities to drive the development of related industries, from investment trading, derivatives, insurance, warehousing to trading, logistics services, collateral and loan business, and open up new growth points for the financial industry. "