Arab Today, arab today china\s central government unveils supportive measures for hong kong\s financial development
Last Updated : GMT 20:29:37
Arab Today, arab today
Arab Today, arab today

China\'s central government unveils supportive measures for Hong Kong\'s financial development

Arab Today, arab today

Arab Today, arab today China\'s central government unveils supportive measures for Hong Kong\'s financial development

Hong Kong - Xinhua

China's central government Wednesday unveiled a slew of favorable policies to support Hong Kong's standing as an international financial center and the city's development of RMB business. Specific measures include the launch of the exchange-traded fund constituted by Hong Kong stocks, encouraging more mainland-based enterprises to get listed in Hong Kong, allowing Hong Kong-invested banks on the mainland to engage in mutual fund business, according to a statement released by a delegation led by Chinese Vice Premier Li Keqiang, who started his three-day visit to Hong Kong from Tuesday. Hong Kong banks and insurance companies will also be allowed to play a bigger role in the mainland. Hong Kong banks will be encouraged to step up efforts to establish more branches in Guangdong Province. Insurance products development and business operation cooperation between insurance companies of both the mainland and Hong Kong will also be encouraged, according to the statement. To boost Hong Kong's status of the RMB settlement center, the central government will extend the cross-border trade settlement in RMB to cover the whole country. Pilot projects for foreign banks to replenish capital with RMB will be launched and support will be given to Hong Kong enterprises in making direct investment on the mainland in RMB, the statement said. According to the statement, the amount of RMB bonds issued by mainland institutions in Hong Kong will also be steadily raised. The mainland's enterprises will be allowed to float RMB bonds in Hong Kong. Hong Kong will also be encouraged to innovate the offshore RMB financial products, the statement said. The RMB Qualified Foreign Institutional Investors (RQFIIs) will be allowed to invest in mainland securities markets with an initial size of 20 billion RMB yuan, visiting Chinese Vice Premier Li Keqiang pledged at a forum which were attended by business professionals, experts and government officials.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s central government unveils supportive measures for hong kong\s financial development Arab Today, arab today china\s central government unveils supportive measures for hong kong\s financial development

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday