Hong Kong, CSRC deepen financial ties ahead of first yuan bond futures launch
Hong Kong’s leader has met the head of mainland China’s securities regulator to discuss deepening links between the two financial markets ahead of the launch of the city’s first yuan-denominated bond futures. Chief Executive John Lee Ka-chiu said on Sunday evening that he met China Securities Regulatory Commission (CSRC) chairman Wu Qing at Government House in Central to exchange views on…
In a high-level meeting at Government House in Central, Hong Kong's Chief Executive John Lee Ka-chiu discussed deepening financial ties with China's securities regulator head, Wu Qing. The meeting occurred prior to the launch of Hong Kong's first yuan-denominated five-year bond futures on the city's stock exchange on Monday. Lee stated that this launch would serve as an effective offshore risk management tool and attract international investors to the mainland bond market.
The meeting included Financial Secretary Paul Chan Mo-po, Acting Secretary for Financial Services and the Treasury Joseph Chan Ho-lim, SFC chairman Kelvin Wong Tin-yau, and SFC CEO Julia Leung Fung-yee. Lee emphasized the importance of enhancing the RMB product ecosystem and consolidating Hong Kong's status as the world's offshore RMB business hub.
He also mentioned the city's focus on drafting its first five-year development plan, aiming to strengthen its position as an international financial center and support the opening up of mainland financial markets. Hong Kong will continue to work closely with mainland regulators to implement pragmatic measures, expanding mutual access and offering a wide range of investment and risk management products through existing schemes like Stock Connect, Bond Connect, and Cross-boundary Wealth Management Connect.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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