The 13th Hong Kong International Finance Forum, the Hong Kong ESG List Annual Assessment Ceremony and the China Securities "Golden Bauhinia Award" Presentation Ceremony were held in Hong Kong today (Dec. 15).
Li Dahong, chairman and editor-in-chief of Hong Kong Ta Kung Wen Wei Media Group, shared three views on how HK can fully utilize its strengths and characteristics to consolidate and enhance its position as an international financial center.
Li said, "First of all, we should do a good job in financial technology and green finance to build a financial technology hub in the Asia-Pacific region and a green financial center in Asia. Hong Kong should further improve its financial technology ecosystem amid the ever-changing technological trend and should fully grasp the opportunities of the global carbon market and green finance market to realize diversified development further."
"Secondly, HK should give full play to its role as an offshore RMB hub to help promote RMB internationalization. As a global offshore RMB center with the largest offshore RMB capital pool and the largest offshore RMB foreign exchange market, HK is well-positioned and capable of making greater contributions." Li pointed out that HK should help the RMB to be more widely used internationally by enriching RMB market products, improving financial infrastructure, perfecting the cross-border payment process, and enhancing the efficiency of cross-border transactions.
Li also stressed, "Thirdly, we should further deepen the interconnection and intercommunication of financial markets to enhance HK's competitiveness as a global financial center. Over the past 30 years, HK and the Mainland have created a new mode of cross-border securities investment. In the future, we should continue to build a highway for the flow of resource elements, to provide more funding for the capital markets of the two places; moreover, HK's financial service capabilities in areas such as banking, securities, foreign exchange, and insurance, etc., are at the forefront of the world, and we are fully capable of building the 'Belt and Road' infrastructure financing facilitation center, as well as an insurance and reinsurance center."
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