Rapidly growing offshore renminbi center

From basic renminbi deposit and exchange to the first renminbi-denominated securities listed on the Hong Kong stock market, the offshore renminbi business in the Hong Kong Special Administrative Region (SAR) has been growing steadily over the past seven years.

With the capital pool gradually forming and the investment products diversifying, the fledgling offshore market marks a further step toward internationalization of the renminbi.

At the same time, Hong Kong has also benefited from the offshore business: Its capital market has developed rapidly as it has seized the chance to grab commercial opportunities. It is widely believed that the offshore renminbi business is essential for Hong Kong's future as a financial center.