The global monetary system has entered a century of changes in "regionalization" and "digitalization", and the RMB has already adapted to the changes. On the one hand, it has promoted the internationalization of the RMB to promote regional financial integration, and on the other hand, it has accelerated the launch of the "digital renminbi" to promote globalization. Financial evolution.
Cheng Shi, chief economist of Industrial and Commercial Bank of China (International), had a dialogue with "Hong Kong 01" to discuss how Hong Kong, as an "offshore RMB hub" and studying the application of "digital Hong Kong dollar" (e-HKD) at the retail level, should grasp the changes Take the opportunity to build a RMB-denominated securities market and upgrade it from an international financial center to a digital international financial center.
For a long time, Hong Kong has been widely recognized as an international financial center. In the process of entering the era of the digital economy, if Hong Kong wants to continue to consolidate its position, it must seize this historical opportunity and fully implement its financial technology strategy.
Among them, the digital Hong Kong dollar is an important digital financial infrastructure.
Cheng Shi, Chief Economist of Industrial and Commercial Bank of China (International)
Cheng Shi, chief economist of Industrial and Commercial Bank of China (International), pointed out that if Hong Kong wants to continue to consolidate its position, it must seize this historical opportunity and fully implement its financial technology strategy.
(Photo courtesy of the interviewee)
[Related Reading] In-depth reports and series of interviews on RMB internationalization:
one. "The 14th Five-Year Plan" defines the role of an "offshore hub" How Hong Kong helps the internationalization of the RMB
two. "Starting" and "Adjustment" RMB realizes "from zero to one" in Hong Kong
three. RMB internationalization "restarts", Hong Kong should advance "from 1 to N" through settlement, reserve, and pricing
Four. Dialogue with Zhang Ming, a national financial scholar: The importance of Hong Kong on the new journey of RMB international
Dialogue with financial scholar Ba Qing: Demand for RMB investment surges, Hong Kong's offshore market is following the trend
The 14th Five-Year Plan Preaching. Interpretation｜Why does RMB internationalization become the new key to Hong Kong's finance?
For details, please read the 288th "Hong Kong 01" Electronic Weekly Newsletter (October 25, 2021) "
How does Hong Kong seize the opportunity of a century of change in the monetary system?"
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