Xu Zhenyu: Further expand offshore RMB business and deepen connectivity between the Hong Kong and mainland markets.

Hong Kong Financial Services and Treasury Secretary Christopher Hui expressed in a statement that looking ahead to the start of the "14th Five-Year Plan", Hong Kong will continue to promote the vigorous development of the financial market, further expand offshore RMB business, consolidate Hong Kong's position as the world's largest offshore RMB hub; vigorously develop green and sustainable finance, and assist the country in achieving its "dual carbon" goals; actively promote the application of financial technology and deepen the connectivity mechanism with the mainland market. Hui further stated that Hong Kong will strengthen its role as a super connector and super value-added person, attracting more family offices and asset management institutions to establish themselves in Hong Kong, further consolidating Hong Kong's position as an international asset and wealth management center, continuously attracting more international funds and talents to converge in Hong Kong. Hui said that in the past year, with the strong support of the solid guarantee of "One Country, Two Systems" and the central government's policies, Hong Kong's status as an international financial center has been further consolidated. It will actively link up with the national "14th Five-Year Plan", deepen financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area, promote reforms and innovations in the stock, bond, commodity markets and asset management fields, and continue to attract more international funds and talents to converge in Hong Kong. He mentioned that the Hong Kong and Macao Affairs Office of the State Council recently published a document fully affirming Hong Kong's remarkable achievements in the past year in the economic and financial fields, and expressing expectations for the future development of the Special Administrative Region. Regarding Hong Kong ranking third in the global financial center ranking last year, leading the world in Hong Kong's IPO scale, outstanding performance of the Hang Seng Index, and record number of companies residing in Hong Kong, Hui pointed out that these achievements were not easy to come by, and were the result of the joint efforts of the Hong Kong SAR government and the financial industry, as well as the strong support of the central government and the driving forces of high-quality development in the country. The Hong Kong financial industry will continue to leverage its unique advantage of being "backed by the motherland, connected to the world", proactively integrate into the country's overall development, and contribute to the country's modernization drive.