Xu Zhengyu: Hong Kong continues to focus on offshore RMB business, four directions to help promote the internationalization of the RMB process.

According to the Securities Times app, on May 20th, during a session of the Legislative Council discussing a proposal to support the internationalization of the Chinese Renminbi, Hong Kong's Financial Secretary and Treasury Secretary Paul Chan Mo-po stated in his opening remarks that the government will continue to focus on enhancing Hong Kong's financial infrastructure, increasing offshore Renminbi liquidity, diversifying Renminbi products, and exploring emerging markets to advance the process of Renminbi internationalization. With Hong Kong's position as a global hub for offshore Renminbi business, efforts will be made jointly to promote the internationalization of the Renminbi and the development of Hong Kong's financial sector.