Over the past few months, the quota of the Southbound Trading of Shanghai-Hong Kong Stock Connect was consumed rapidly with the drive of accelerated capital flows from the Mainland to Hong Kong. As of July 18, 201.8 billion yuan southbound quota was utilized, accounting for 80.72 percent of the total.
Hong Kong should adapt to the new environment of co-operation and competition, identifying new roles to play and new functions to perform, Chief Executive CY Leung said.
Hong Kong acts both a close partner of Mainland in launching offshore renminbi products and a comprehensive platform for international partners to test-drive renminbi-denominated products, expand renminbi portfolio and settle trade accounts with the Mainland using renminbi.
简体中文
