Chen Maobo: make every effort to build an offshore RMB ecosystem to provide more RMB-denominated investment channels and tools

[Chen Maobo: make every effort to build an offshore RMB ecosystem and provide more RMB-denominated investment channels and tools] the Fifth Guangdong-Hong Kong-Macau Greater Bay Area Financial Development Forum was held in Zhuhai, Guangdong Province. Chen Maobo, Financial Secretary of the Hong Kong Special Administrative region Government, said, "Hong Kong has always been the global offshore RMB business hub. Hong Kong has the largest offshore pool of RMB funds in the world. By the end of 2022, RMB deposits in Hong Kong totaled nearly 1 trillion yuan, accounting for 60% of the global total. About 75% of the world's offshore renminbi payments are processed in Hong Kong. " "We will make every effort to build an offshore RMB ecosystem, provide more RMB-denominated investment channels and tools, strengthen the risk management of offshore RMB assets, and optimize relevant market infrastructure," Chen said. "to seize this huge opportunity and help steadily promote the internationalization of the RMB."