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沪港金融中心协同发展
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中银香港副总裁徐海峰:以合作发展为重点,构筑香港国际金融中心新优势
Guo Ji Jin Rong Bao· 2025-10-20 00:13
徐海峰指出,首先,打开深化国际交往合作新局面。一方面,香港应继续强化中国资本"走出去"的枢纽角色,将香港的制度优势、专业服务和国际网络转化 为内地企业拓展全球市场的强大动能。10月特区政府已正式启动"内地企业出海专班",相信后续会陆续推出具体政策和措施。 "随着中国金融开放的不断深化,香港作为金融强国六大核心关键要素之一——强大国际金融中心的现实载体,也需要寻找世界变革下的未来之路。"10月19 日,在全球财富管理论坛·2025上海苏河湾大会上,中银香港副总裁徐海峰表示,香港可以进一步发挥 "超级联系人"的独特优势,以合作发展为重点,从国 际国内两个层面构筑未来全球金融竞争的新优势。 其次,沪港协同发展服务新发展格局。徐海峰表示,香港和上海作为中国最具竞争力的金融中心城市,二者通过离岸与在岸金融的协同发展、双极驱动,不 断增强金融强国核心要素,既是开拓中国特色金融发展之路的重要内涵,也是助力中国构建新发展格局的金融支撑。 "沪港金融中心协同发展可以考虑以做大要素市场为核心,以基础设施互联为支撑,以人民币国际化为突破,以创新与监管协同为保障,通过制度型开放与 功能化分工,稳步提升我国金融资产定价权、国际金融规则 ...
特稿|盛松成:沪港金融中心协同发展,构建金融强国“双引擎”
Di Yi Cai Jing· 2025-06-18 01:28
Core Viewpoint - The collaboration between Shanghai and Hong Kong as international financial centers is crucial for China's financial globalization, serving as a "dual engine" for global financial development and governance [1]. Group 1: Shanghai's Financial Market - Shanghai has established itself as an international financial center that aligns with China's economic strength and the international status of the RMB, with a total financial market transaction volume reaching 36.503 trillion yuan in 2024, a year-on-year increase of 8.2% [2]. - The Shanghai Stock Exchange ranks third globally in market capitalization and fifth in trading volume, while its bond market is the second largest worldwide [2]. - Shanghai is a core hub for RMB asset allocation, with RMB accounting for 70% of cross-border receipts and nearly 50% of national cross-border RMB settlements [2]. Group 2: Hong Kong's Financial Market - Hong Kong is highly internationalized, with a significant number of foreign banks and being the largest offshore RMB hub globally, holding approximately 1.1 trillion yuan in RMB deposits by the end of 2024 [3]. - The daily average transaction volume of Hong Kong's RMB instant payment settlement system reached 30.975 trillion yuan in 2024, marking a 50% year-on-year increase [3]. - Hong Kong processes about 75% of global offshore RMB payment transactions, maintaining the largest offshore RMB liquidity pool and foreign exchange market [3]. Group 3: Collaborative Development - The collaboration between Shanghai and Hong Kong is built on a solid foundation, with Hong Kong being the largest source of foreign investment for Shanghai and a key partner in service trade [4]. - There are established financial infrastructure connections, including the CIPS and RTGS systems, and various investment products such as "Shanghai-Hong Kong Stock Connect" and "Bond Connect" [4]. - The cooperation has deepened in areas like risk management for the Belt and Road Initiative and green finance product development [4]. Group 4: Advantages of Collaboration - Shanghai's strong resource allocation capabilities and efficient financial infrastructure position it as a crucial player in China's onshore financial market, while Hong Kong serves as a vital link to international markets [5]. - The collaboration helps both cities address challenges posed by international political changes and competition in technological innovation [5]. - The partnership enhances Shanghai's offshore financial system and increases foreign financial institutions' participation in its market [5]. Group 5: Enhancing RMB Market - The synergy between onshore and offshore markets is essential for improving the pricing mechanisms of RMB assets, enhancing market efficiency, and establishing a more transparent RMB exchange rate formation mechanism [6]. - Strengthening regulatory cooperation and exploring innovative financial systems will facilitate integration into the global economic and financial landscape [7]. - The collaboration will lead to the development of more financial products and services, increasing market liquidity and attracting more international financial institutions [8]. Group 6: Future Prospects - The cooperation aims to achieve a "chemical fusion" beyond mere physical connections, establishing a dual circulation model for RMB and enhancing the internationalization of the currency [9]. - Historical experiences from the collaboration between London and New York provide a reference for Shanghai and Hong Kong's financial integration [10]. - Leveraging Shanghai's pilot experiences and regulatory cooperation can yield significant institutional innovations and enhance market stability [11].