Economy

HK backed to become offshore RMB center

(Xinhua)
Updated: 2011-03-07 10:59
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Large Medium Small

BEIJING - The central government supports Hong Kong in building into an offshore RMB center, said a Chinese senior official Sunday.

Related readings:
HK backed to become offshore RMB center HK to further develop offshore RMB business
HK backed to become offshore RMB center Yuan trade expands rapidly in HK: official
HK backed to become offshore RMB center HK to provide yuan IPOs this year
HK backed to become offshore RMB center Yuan-based trade settlement volume increases

The central government also supports Hong Kong in strengthening its competitiveness and consolidating its position as an international center of finance, trading and shipping, Xu Xianping, vice minister of the National Development and Reform Commission, said at a press conference.

Becoming an offshore RMB center matters a lot to Hong Kong's status as an global finance center, said Li Lihui, president of the Bank of China, on the sidelines of the on-going parliamentary session.

Since Hong Kong is the springboard for many mainland companies to go global and overseas businesses to the Chinese mainland, Hong Kong's possible status as the RMB center will benefit handsomely both Hong Kong and companies at home and abroad, he said.

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
分享按钮