China Aims to Achieve High Interconnection with Hong Kong Financial Market By 2025

Publicado: Apr 25, 2023 15:02
The opinions of the five departments including the People's Bank of China on financial support for the comprehensive deepening of reform and opening up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone pointed out that by 2025, a policy system and management system focusing on the expansion of the financial industry and the internationalisation of the RMB will be established and improved, and a high level of interconnection with the Hong Kong financial market will be basically realised.

The opinions of the five departments including the People's Bank of China on financial support for the comprehensive deepening of reform and opening up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone pointed out that by 2025, a policy system and management system focusing on the expansion of the financial industry and the internationalisation of the RMB will be established and improved, and a high level of interconnection with the Hong Kong financial market will be basically realised.

The supporting role of the development of the district is increasingly evident.

By 2035, a higher level of financial opening based on the negative list will be achieved, cross-border funds will flow efficiently and conveniently.

Meanwhile, a financial rule system in line with international standards will be basically established, and the financial environment will reach the world's advanced level, which will play a role in expanding the opening up of the national financial industry.

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China Aims to Achieve High Interconnection with Hong Kong Financial Market By 2025 - Shanghai Metals Market (SMM)