Peter Wong, Chairman of HSBC Asia-Pacific, stated that Hong Kong should spare no effort in promoting the internationalization of the RMB.
Peter Wong pointed out that Hong Kong's primary advantage is its status as China's sole international financial center, and promoting the internationalization of the RMB will solidify this position. He suggested that Hong Kong should expand its RMB liquidity pool to develop more products, such as allowing direct purchase of Hong Kong stocks with RMB, thereby attracting more surplus RMB to invest in Hong Kong and making it the largest and strongest offshore RMB center.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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