Chen Maobo: preparing to increase RMB counters in Hong Kong Stock Connect to explore the optimization of "cross-border LiCaiTong"

[Chen Maobo: preparing to increase RMB counters in Hong Kong Stock Connect to explore the Optimization of "Cross-Border LiCaiTong")-- the Fifth Guangdong-Hong Kong-Macau Greater Bay Area Financial Development Forum was held in Zhuhai, Guangdong. Chen Maobo, Financial Secretary of the Hong Kong Special Administrative region Government, said that he is actively preparing for the increase of RMB counters in Hong Kong Stock Connect, in an effort to bring new catalysts for the issuance and trading of offshore RMB shares. He revealed that Hong Kong is actively exploring with the relevant mainland ministries and commissions the optimization of "cross-border LiCaiTong", including increasing the types of financial institutions involved and enriching the range of products, and hopes to approve the establishment of insurance after-sales service centers in places such as Nansha and Qianhai to provide consultation, claim settlement and renewal services for mainland urban residents in the Greater Bay area who hold Hong Kong insurance policies.