Hong Kong Must Offer Certainty to Attract Participants: Treasury Chief
RTHK · 2 SOURCESabout 2 hours ago4 MIN
Summary
Financial Secretary Christopher Hui (許正宇) has emphasized Hong Kong's role as a provider of certainty amid global market volatility, following the extension of the US-China trade ceasefire to January 10. Speaking after a radio programme appearance, Hui outlined the government's strategy to maintain Hong Kong's attractiveness as an international financial centre . The Securities and Futures Commission has proposed integrating RMB-denominated trading counters into the Stock Connect scheme by July next year, potentially expanding direct RMB investment access for mainland investors in Hong Kong-listed stocks .
Key Points
- Hong Kong must provide certainty to retain market participants amid global uncertainty
- US-China trade truce extended to January 10
- SFC proposes including RMB trading counters in Stock Connect by July 2026
- HKEX actively promoting issuers to open RMB counters ahead of policy implementation
- Government to issue new digital bond batch when concrete timeline is confirmed
- Authorities reviewing legislation to provide greater legal certainty for private sector digital bond issuance
Why It Matters
The timing of these initiatives matters as Hong Kong positions itself between major economic powers during a period of trade uncertainty. The RMB counter expansion and digital bond programme could significantly enhance Hong Kong's financial infrastructure and attract new investor segments from mainland China, reinforcing its status as a gateway for RMB internationalization.
The timing of these initiatives matters as Hong Kong positions itself between major economic powers during a period of trade uncertainty. The RMB counter expansion and digital bond programme could significantly enhance Hong Kong's financial infrastructure and attract new investor segments from mainland China, reinforcing its status as a gateway for RMB internationalization.