Renminbi businesses proposed in HK
( 2003-11-18 13:33) (China Daily HK Edition)
Joseph Yam, chief executive of the Hong Kong
Monetary Authority, expressed hope Monday on clinching a deal for Hong Kong
banks to conduct personal renminbi business.
Senior Hong Kong finance and stock-exchange officials are visiting Beijing
this week for discussions with officials of the People's Bank of China and the
China Banking Regulatory Commission. They will discuss key initiatives such as
the proposed qualified domestic institutional investor (QDII) programme,
allowing Hong Kong banks to conduct renminbi business and the use of renminbi
credit cards by mainland tourists in Hong Kong.