Hong Kong Securities and Futures Commission's Liang Fengyi: Supports the inclusion of a renminbi counter in the Southbound Trading.

The Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) jointly announced new measures to deepen practical cooperation and closely coordinate the development of the two markets. After attending the launch ceremony for the five-year Chinese government bond futures at the Stock Exchange of Hong Kong, SFC Chief Executive Officer Ashley Alder expressed to the media that during her meeting with CSRC Chairman Wu Qing, they both emphasized the importance of supporting the inclusion of the southbound trading of the Renminbi counter. Further discussions on subsequent work, including adjustments to the mainland systems, are still needed. When asked about the sequence for advancing a series of measures, Alder responded that many aspects are closely interconnected. For example, the launch of more indices based on Renminbi assets is closely related to introducing a variety of ETF products. She emphasized that the measures are not prioritized and that all efforts will be directed towards achieving the relevant goals. Regarding future Renminbi futures products, Alder stated that the risk control situation and institutional frameworks for each futures product require time to establish. There are numerous Renminbi-denominated products, and the exchanges and the CSRC are in close contact to analyze which products can be prioritized.