Hong Kong SAR Chief Executive Li Jiachao: Hong Kong will actively promote the issuance and trading of RMB-denominated Hong Kong shares

[Hong Kong Special Administrative region Chief Executive Li Jiachao: Hong Kong will actively promote the issuance and trading of renminbi-denominated Hong Kong stocks] the Chief Executive of the Hong Kong Special Administrative region, Li Jiachao, said in a video speech at the 2023 Caixin Summer Summit today that the Hong Kong Special Administrative region Government should make good use of the unique advantages of "relying on the motherland and connecting the world." Seize the major national strategies such as the country's 14th five-year Plan, Guangdong-Hong Kong-Macau Greater Bay Area's construction, and the "Belt and Road Initiative" initiative to serve the country's high-quality development and open up new opportunities for Hong Kong. On the internationalization of the renminbi, Li Jiachao said that Hong Kong has the strength to further strengthen offshore renminbi business. Hong Kong will actively promote the issuance and trading of RMB-denominated Hong Kong stocks, and actively promote more mainland institutions to issue offshore RMB bonds in Hong Kong.