from asianewsnet........
"Chinese Vice-Premier Li Keqiang unveiled a package of measures on Wednesday to invigorate Hong Kong's economy, boost its role as a global financial center and help it develop as a leading offshore trading hub for the renminbi.
The measures will also encourage Hong Kong companies to invest directly on the mainland using the renminbi, and allow qualified foreign institutional investors (QFII) to buy mainland securities of up to 20 billion yuan (US$3.12 billion), Li said.
This will eventually facilitate mainland-based financial institutions issuing yuan-denominated bonds in Hong Kong.
"Issuing renminbi treasury bonds in Hong Kong will be a long-term institutional arrangement of the central government," Li said"................READ MORE
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