Zou Lan: We will continue to deepen the high-level opening-up of the financial sector and consolidate Hong Kong's status as an offshore RMB business hub.

On November 3, the 5th Global Financial Leaders' Investment Summit was held in Hong Kong. Zou Lan, Deputy Governor of the People's Bank of China, attended the meeting and delivered a speech. Zou Lan stated that China's economic development is showing a trend of moving toward new and better quality, and will continue to rely on expanding domestic demand to activate growth momentum. The People's Bank of China will adapt to the changing trends of China's financial structure, promote the gradual transformation and optimization of the monetary policy framework, and create a favorable financial environment for high-quality economic development; it will continue to deepen the high-level opening-up of the financial sector, support the development of Hong Kong as an international financial center, and consolidate Hong Kong's status as an offshore RMB business hub. This article was excerpted from the "People's Bank of China" WeChat official account, edited by GMTEight: Liu Jiayin.