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On May 15, the Hong Kong Stock Exchange stated that the People's Bank of China, the Securities and Futures Commission of Hong Kong and the Hong Kong Monetary Authority issued a joint press release to deepen cooperation in the "cross-border investment channel". The Hong Kong Exchanges and Clearing Limited will work with the China Foreign Exchange Trading Center and the China Central Depository and Clearing Co., Ltd. to further enrich the product term and type of the "cross-border investment channel" in order to better meet the needs of overseas investors managing RMB interest rate risks.
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