Hong Kong's first five-year plan is open for public consultation: it is proposed to enhance mutual access between Hong Kong and mainland capital markets, and expand cross-border investment and financing channels.
The Hong Kong Special Administrative Region Government launched a public consultation today on the first five-year plan for Hong Kong's economic and social development. It mentioned promoting the high-quality development of the international financial center. It will deepen the coordinated development of stock, bond, asset management, wealth management, insurance, and risk management markets, and consolidate Hong Kong's position as a global offshore Renminbi center. It will build a commodity trading ecosystem, strengthen connectivity with mainland capital markets, expand cross-border investment and financing channels, facilitate national enterprises "going out" and attract overseas capital "coming in." It will consolidate and enhance Hong Kong's position as an international financial center, deeply promote the empowerment of various industries through "financial+", and contribute to the strategic goal of accelerating the construction of a financial power for the country.
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