梁凤仪：香港证监会将在扩容增量和提升基建两方面促进人民币国际化

Core Viewpoint - The speech by the CEO of the Hong Kong Securities and Futures Commission emphasizes the unprecedented opportunities for the internationalization of the Renminbi (RMB) due to the diversification of global investor asset allocation, positioning Hong Kong as a leading offshore RMB center [1] Group 1: Expansion of RMB Fixed Income Products - The Hong Kong Securities and Futures Commission aims to expand the issuance scale of RMB fixed income products, with recent increases in the issuance of government bonds and central bank bills in Hong Kong [2] - The issuance of Dim Sum bonds has rapidly grown, enriching the RMB financial product system in Hong Kong and improving the offshore RMB yield curve [2] - Future efforts will include promoting various issuers to launch RMB fixed income products and further developing RMB-denominated stock trading [2] Group 2: Optimization of Connectivity Mechanisms and Infrastructure - Hong Kong has established efficient connectivity mechanisms, such as Bond Connect and Swap Connect, which are crucial for international investors to access the mainland bond market and manage RMB interest rate risks [3] - The Hong Kong Securities and Futures Commission plans to collaborate with the Hong Kong Monetary Authority and relevant mainland departments to optimize market access for domestic and international investors [3] - There are discussions on developing an electronic trading platform that encompasses bonds, repos, and foreign exchange, which will enhance market efficiency, transparency, and resilience [3] Group 3: Strategic Roadmap - The roadmap developed in collaboration with the Hong Kong Monetary Authority focuses on four pillars: strengthening bond issuance, enhancing market liquidity, expanding offshore RMB business, and building new infrastructure [4] - This roadmap is set to be officially released shortly after the speech [4]