Hey amigos! Big news coming from Hong Kong! 📰 The Chief Executive, John Lee, just announced some exciting plans to boost connections with the Chinese mainland's capital market. 🚀
At a major financial forum, Lee shared that by September, northbound trades (that's investors from Hong Kong buying in the mainland) hit over 21 trillion yuan! 🤑 That's like trillions with a \"T\"! Southbound trades (mainland investors in Hong Kong) topped 6 trillion Hong Kong dollars. Talk about making it rain! 💸
So what's next? Lee plans to make it even easier for money to flow between Hong Kong and the mainland. He's talking about promoting the international use of the RMB (that's the Chinese yuan, their currency 💴), launching offshore RMB sovereign bond futures, and inviting more companies to list on Hong Kong's stock market. Basically, he's opening doors for big opportunities! 🌏✨
The forum where all this went down was themed \"Trust and Confidence – Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth.\" Sounds fancy, right? 🎩 Over 500 reps from 30 countries joined in, including sessions in Hong Kong, Luxembourg, Tokyo, and Beijing.
It's clear that Hong Kong is stepping up its game in the global financial scene. For young entrepreneurs and investors out there, keep an eye on these moves! 👀 It might just be the next big thing!
Reference(s):
John Lee: HKSAR to play larger role in opening mainland capital market
cgtn.com
