Call for inventive financial policies

SHENZHEN: Scholars and entrepreneurs yesterday called on authorities here to roll out more inventive financial policies to improve the economic position of Shenzhen and Hong Kong in the international market.

"The global financial tsunami has jolted the international monetary system that has long been dominated by the US dollar. Since China's economic strength and international influence have stably improved, the globalization of RMB should be put on the agenda now," Le Zheng, chairman of Shenzhen Academy of Social Sciences, said yesterday.

According to a blueprint on the development of the Pearl River Delta released yesterday, Shenzhen and Guangzhou have the potential to become the regional financial centers, due to their close proximity to Hong Kong.