Hong Kong Monetary Authority's Chen Weimin: The average daily foreign exchange trading volume of offshore RMB in Hong Kong has increased by more than 6 times in the past 20 years.

According to the Securities Times APP, Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority, stated at the financial summit that Hong Kong's offshore RMB market has grown significantly in the past 20 years, with the average daily foreign exchange trading volume increasing more than six times to 670 billion US dollars last year, ranking globally from 6th to 4th; the total amount of outstanding bonds denominated in Hong Kong dollars has increased from 66.4 billion Hong Kong dollars in 2005 to over 28 trillion Hong Kong dollars last year.