The source said, according to the central decision, Shanghai will become the true internationalization of the RMB business in the industry. The assessment agency in Hong Kong March 28 / Xinhua Central Committee decided in 2022 to build Shanghai into an international financial center, it is learned that the State Council soon will be announced by the Hong Kong and Shanghai as the pilot of RMB trading settlement. Government sources, repositioned in Shanghai, Hong Kong, RMB can not be exclusive or issue bonds, and other services. close to the central government sources also pointed out that Shanghai's economic growth to ensure that will be in the financial, shipping and the construction of Disneyland and other policies to support. Chief Executive Donald Tsang yesterday admitted that Hong Kong and Shanghai will be competitors, but he is confident Hong Kong will be the Asia Pacific time zone the most powerful international financial center.
Sing Tao Daily reported, Mr Donald Tsang, at the beginning of the NPC and CPPCC sessions, the first to reveal the central implementation of the RMB trading settlement in Hong Kong as a pilot. the policy is now awaiting the approval of the State Council, is expected to soon be in place. But there is news revealed that the central government approved the trade settlement in RMB in Hong Kong will also approve the RMB trading settlement of Shanghai. A source close to the central government is explained, the State Council had earlier announced that the Yangtze River Delta in Guangdong and Hong Kong and Macao, Guangxi and Yunnan trade in goods with ASEAN the RMB settlement of the pilot.
Therefore, the RMB settlement of trade policy and the recent Shanghai into an international financial center, the decision has nothing to do.
sources said the decision of the Central and Shanghai are truly a internationalization of RMB business in the industry. He explained that the central government will build Shanghai into an international financial center and shipping center, Shanghai, as China's economic development because of the engine, there is a need beefing up its rapid economic development, contribute to the national economy, the central policy will be given full support, including Disneyland, will be approved soon, he believes Hong Kong people for the central policy in this regard the tilt, to be prepared.
Shanghai is gearing up to face development of an international financial center, business, Chief Executive Donald Tsang yesterday admitted that Hong Kong and Shanghai in the future will be a rival, as Hong Kong is now faced with Tokyo, Seoul, Singapore, the competition as become the Asian time zone of the most important international financial center. time zone, places London as the Western European market is the most important financial centers.
him that We want to know that Hong Kong must maintain the best for the Asian time zone, the most important financial center, non-stop efforts to this end. The Government welcomes the development of Shanghai as an international financial center, but he believed that Hong Kong's legal system by virtue of their years to establish the scale and financial center, Hong Kong is not afraid to face all-round and multi-faceted competition, financial services should welcome the development of Shanghai.
He added that the RMB freely convertible one day and become an important international currency, the renminbi in Hong Kong trade settlement is awaiting the good news, Hong Kong is a good thing, is a good thing in Shanghai, Hong Kong will continue to strengthen its own advantages to develop an international financial center and many other businesses. Center, the Central Government also encourages complementary strengths in different areas and strategic cooperation. The Council considers that this is a positive development, and create a win-win situation.
the Government intends to strengthen the financial security challenges facing the central decision twenty-two
years will build Shanghai into an international financial center in Hong Kong political and business caused by shock, fear that Hong Kong's international financial center can not be maintained. Chief Executive Donald Tsang set the tone for the event yesterday for the first time, that are not afraid of competition, and Shanghai, and as competition for Hong Kong's ; Hong Kong common law system, and other major international financial center similar to the rule of law; and freedom of information in Hong Kong, a simple and low tax regime is also an important advantage. coupled with hardware and software in the financial well beyond the construction of Shanghai Hong Kong can certainly compete. unless the protection of Shanghai by the national policy, but if so, the two sides is not up to compete in the real basis.
suck foreign investment conditions in Hong Kong dominated
, of course, the Government determined to Shanghai competition, but that is not to Tokyo, Seoul, Singapore, these cities also are positioned as a financial center, but in terms of attracting foreign investment and internationalization, the Government that Hong Kong was more with the conditions of New York and London. The Hong Kong and Shanghai than in competition with each other, but also appropriate division of labor can be, for example, on the issue of Mainland enterprises, to attract foreign investment, can choose Hong Kong, Hong Kong; absorb yuan, you can choose Shanghai.
increase efficiency, but the mainland confidence
the Government level also understand that the central government for financial security concerns, it may hinder the liberalization of the financial market in the Mainland to Hong Kong. To this end, the Government will review the entire financial market in the next decade, building a more efficient High is also more secure financial market, Financial Services and the Treasury, together with the HKMA, SFC, HKEx, the Commissioner of Insurance to study these issues in order to enhance confidence in the Mainland to Hong Kong.
While the bow tie that are not afraid of competition, and Shanghai, but the HSBC Asia Pacific business strategy and economic consultancy, said Leung, Hong Kong's advantages are gradually disappearing, can not miss the opportunity to hope that Hong Kong should actively develop renminbi business as soon as possible, so that the more the better storage capacity of the renminbi, and allowing Hong Kong banks to the development of renminbi business in China, or the ;
Shanghai official think tank predicted decade convertible
scheduled for 2022 to the Central Shanghai into an international financial center and shipping center, Shanghai, the think-tank said that over the next decade, will use the Shanghai center to promote the internationalization of RMB, RMB freely convertible in a decade opportunity to achieve up to �˳�.
Eighty
central promote opportunities for Fudan University in Shanghai Zhang Jun, director of China Center for Economic Research interview yesterday, said that the central to Shanghai as dominated international monetary system began to reflect, or even to reform, the Chinese at this time to promote the internationalization of RMB is also planning to move in this direction, I hope to play a greater role in the global yuan.
as an important think tank, the official Shanghai, Zhang is not considered Hong Kong and Shanghai in the future in direct competition, each division of the two financial center, Shanghai to build a and other financial products and services.
Zhang: Two Financial Center to do the
Zhang stressed that the two centers each doing their own, Hong Kong is already Asia-Pacific financial center, this position has not changed, Shanghai in the policies and regulations , personnel training, financial innovation, etc., should learn from Hong Kong, for Hong Kong's support.
Shanghai international financial center, the core meaning is to bring together the world have settled in RMB in Shanghai, Zhang said that over the next decade the key to the yuan to the world, Shanghai will play an important role, Yang Jianwen, director of media interviews, said close to the mainland, the Shanghai content, one offshore financial business, and second, the RMB clearing business.
It is reported that Shanghai building the Reform Commission. Last November, the financial crisis, Premier Wen Jiabao visited Shanghai, the relevant comments made reply, and set up a coordination group to discuss the various ministries.
yuan central extension by Shanghai
no one has challenged the international status Shanghai's financial center. According to the prestigious high-rise, said Bank of Shanghai, Shanghai Party Secretary Yu Zhen sound since he took office, to promote the most important task is to build Shanghai into an international financial center, vision, and upgraded as a national strategy for the country policies to accelerate the pace of cooperation.
image of mainland experts have to say: said that Shanghai has long been a way of thinking, but just where in the call does not work, the height of the State Council to promote this, a completely different meaning, that is, join forces for national and local.
depreciation of the dollar was unwilling ; kidnapping , confirmed in 2022, and China will be basically completed Shanghai economic strength and international status of the renminbi in international financial centers to adapt.
It took part in the drafting of the said that the depreciation of the dollar can not be reconciled by central objective behind the national strategic plan contains all the power required by the state to promote the realization of Shanghai's size and breadth of financial markets also has a unique advantage.
Shanghai financial news, international trade settlement for the introduction of the RMB, the first in Shanghai to Central first put forward by the occasion in the central yet Pi Fu, Hong Kong has made the same appeal to Beijing. Beijing decision-makers take into account the greater openness of our economy, hit by the global financial crisis, greater support is now more necessary, therefore, Hong Kong ; first picked the peach. how much traffic, the number of demand.
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