Core Viewpoint - The Hong Kong International Financial Leaders Investment Summit highlighted the importance of Hong Kong's role in global finance and the opportunities presented by the "15th Five-Year Plan" for its future development [1][2]. Group 1: Economic and Financial Developments - Hong Kong is recognized as the world's freest economy and has achieved significant rankings in global talent and competitiveness, with a rise to fourth in the World Talent Ranking and third in the World Competitiveness Report [5]. - The Hong Kong stock market has seen a year-to-date increase of over 30%, with a significant rise in daily trading volume, nearly doubling compared to the previous year [5]. - In the first ten months of the year, Hong Kong completed 80 IPOs, raising over $26 billion, making it the top global market for IPO fundraising [5]. Group 2: Financial Infrastructure and Innovation - The Hong Kong government is working on reforms to enhance the listing mechanism, facilitate overseas financing, and improve transaction and risk management efficiency [5]. - A roadmap for the development of fixed income and currency markets was released, aiming to enhance primary market issuance and increase secondary market liquidity [6]. - Hong Kong has over 1,200 fintech companies and is committed to becoming a global hub for digital assets, supported by a forward-looking regulatory framework [6]. Group 3: Cross-Border Financial Cooperation - The People's Bank of China is focused on deepening the interconnection between mainland and Hong Kong financial markets, enhancing the offshore RMB market, and optimizing cross-border financial services [9][10]. - Initiatives such as "Bond Connect" and "Wealth Management Connect" have been expanded to facilitate cross-border investment and improve market access for foreign investors [9][10]. - The Chinese government is committed to supporting Hong Kong's development as an international financial center, particularly in the context of the Greater Bay Area and the Belt and Road Initiative [12][14]. Group 4: Regulatory and Risk Management - The China Securities Regulatory Commission is set to introduce more measures to enhance the openness of the capital market and improve cross-border investment facilitation [16][18]. - There is a focus on strengthening regulatory cooperation to prevent financial risks and ensure the stability of the financial system [19]. - The regulatory framework will be enhanced to support the development of green finance and digital currency, promoting sustainable financial practices [15][19].

Core Viewpoint - The People's Bank of China (PBOC) aims to deepen the interconnection between the financial markets and services of mainland China and Hong Kong, enhancing Hong Kong's status as an international financial center while promoting high-level financial openness [1][2]. Group 1: Financial Market Development - The PBOC will strengthen the construction of the offshore RMB market in Hong Kong [2]. - Continuous efforts will be made to enhance the integration of financial services between mainland China and Hong Kong [2]. Group 2: Financial Technology and Innovation - The PBOC plans to utilize financial technology innovations to provide efficient and convenient cross-border payment services for economic integration [2]. - Exploration of new cooperation schemes for cross-border payments using central bank digital currency (CBDC) is underway [2]. - The PBOC will enhance communication and collaboration in the field of financial technology with various parties [2]. Group 3: Contribution to Digital Economy - The initiatives are aimed at contributing to the high-quality development of the digital economy [2].

Core Viewpoint - The People's Bank of China (PBOC) is committed to supporting Hong Kong's development as an international financial center through enhanced financial market connectivity and practical cooperation [1][2]. Group 1: Financial Market Connectivity - As of the end of September, 1,176 foreign institutions have entered the domestic bond market, with a total bond holding scale of 3.8 trillion yuan [1]. - By the end of July, over 160,000 individual investors participated in the "Cross-Border Wealth Management Connect," with a remittance amount of 120.9 billion yuan [1]. - As of the end of August, the cumulative nominal principal amount of transactions under the "Swap Connect" reached approximately 8.15 trillion yuan [1]. Group 2: Offshore Renminbi Market Development - The PBOC supports the Hong Kong Monetary Authority in launching a trade financing liquidity arrangement with a total scale of 100 billion yuan [1]. - From January to September, the PBOC issued seven batches of central bank bills in Hong Kong, totaling 255 billion yuan, with a balance of 170 billion yuan, an increase of 30 billion yuan from the end of the previous year [1]. Group 3: Financial Services for Residents and Enterprises - The number of bank accounts opened by residents of Hong Kong and Macau has expanded to eight banks in nine cities of the Greater Bay Area, totaling 475,000 accounts with a transaction amount of 41.8 billion yuan, of which 72% are linked to mobile payments [2]. - As of the end of September, there are 113 direct and indirect participating institutions in Hong Kong under the Renminbi Cross-Border Payment System (CIPS) [2]. - By the end of September, 78 Hong Kong-funded enterprises in Shenzhen have obtained 2.1 billion yuan in bank financing through credit cooperation [2]. Group 4: Continued Support for the Greater Bay Area - The PBOC will continue to enhance financial support for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and promote high-level opening-up in the financial sector [2].

Core Viewpoint - The People's Bank of China is actively supporting the development of Hong Kong as an international financial center, focusing on enhancing market connectivity and building the offshore RMB market [1][2]. Group 1: Financial Market Connectivity - The People's Bank of China is deepening financial market connectivity between the mainland and Hong Kong, responding to market demands by optimizing mechanisms such as Bond Connect, Cross-Border Wealth Management Connect, and Swap Connect [1]. - In 2023, the bank has supported various foreign institutional investors in conducting bond repurchase transactions in the mainland and launched offshore bond repurchase business in Hong Kong using Bond Connect bonds as collateral [1]. Group 2: Offshore RMB Market Development - The People's Bank of China is actively supporting the construction of the offshore RMB market in Hong Kong, facilitating services such as account opening, cross-border payments, and credit reporting [1]. - As of the end of September, 1,176 foreign institutions have entered the domestic bond market, covering 80 countries and regions, with a total bond holding scale of 3.8 trillion yuan [2]. Group 3: Financial Services Statistics - By the end of July, 164,600 individual investors participated in the Cross-Border Wealth Management Connect business, with a total remittance amount of 120.9 billion yuan [2]. - As of the end of August, Swap Connect has recorded over 15,000 transactions, with a total nominal principal amount of approximately 8.15 trillion yuan [2].

Core Insights - The People's Bank of China (PBOC) is actively supporting the development of the offshore RMB market in Hong Kong through various initiatives [1] Group 1: Financial Initiatives - In February 2025, the PBOC supported the Hong Kong Monetary Authority (HKMA) to launch a trade financing liquidity arrangement with a total scale of 100 billion RMB [1] - As of the end of September this year, nearly 30 billion RMB in transactions have been initiated under this arrangement [1] - The PBOC has normalized the issuance of RMB central bank bills in Hong Kong, with a cumulative issuance scale of 255 billion RMB across seven issues [1] Group 2: Market Development - The balance of central bank bills stood at 170 billion RMB as of the end of September, reflecting an increase of 30 billion RMB compared to the end of the previous year [1] - The PBOC is collaborating with relevant departments to promote the issuance of high-credit-quality RMB assets, such as RMB government bonds, in Hong Kong [1]

本文由 Al 算法生成,仅作参考,不涉投资建议,使用风险自担 和讯财经 和而不同 迅达天下 和讯猎报 11.04 10:12:15 周= 中国人民银行:支持港金融建设,深 化两地市场互联互通 【11月4日,央行副行长称将持续支持香港金融建 设】11月4日,央行副行长陆磊在2025年国际金融 领袖投资峰会上透露,近年来央行全力支持香港国 际金融中心建设,会同有关方面在深化两地市场互 联互通、加强离岸人民币市场建设等方面发力,成 效积极。具体举措包括持续深化两地金融市场互联 互通、支持香港离岸人民币市场建设,推动金融服 务互联互通。陆磊表示,央行将和各部门一起,继 续支持香港发展,深化两地金融市场合作,加大对 大湾区建设的金融支持,推动金融开放,提升跨境 投融资便利化,营造良好金融投资环境。 【11月4日，央行副行长称将持续支持香港金融建设】11月4日，央行副行长陆磊在2025年国际金融领袖 投资峰会上透露，近年来央行全力支持香港国际金融中心建设，会同有关方面在深化两地市场互联互 通、加强离岸人民币市场建设等方面发力，成效积极。具体举措包括持续深化两地金融市场互联互通、 支持香港离岸人民币市场建设，推动金融服务互 ...

Core Viewpoint - The People's Bank of China (PBOC) is committed to implementing appropriate monetary policies to support economic stability and growth, focusing on optimizing credit structure and reducing financing costs for the society [3][5]. Group 1: Monetary Policy Implementation - The PBOC will adjust the intensity and pace of policy support based on domestic and international economic conditions, ensuring effective implementation of various monetary policy tools [3]. - In 2023, the PBOC has adopted a moderately accommodative monetary policy, introducing a series of measures to create a favorable monetary environment for economic development [3]. - Key actions include maintaining reasonable growth in money and credit, promoting a decrease in overall financing costs, and optimizing the structure of credit [3]. Group 2: Support for Hong Kong's Offshore RMB Market - The PBOC has been actively supporting the development of Hong Kong as an international financial center, enhancing the connectivity of financial markets between the mainland and Hong Kong [4]. - Efforts include promoting the construction of the offshore RMB market in Hong Kong and improving cross-border financial services such as account opening and payment systems [4]. - The PBOC aims to deepen cooperation and increase financial support for the Guangdong-Hong Kong-Macao Greater Bay Area, while also enhancing the level of cross-border investment and financing [4]. Group 3: Credit Structure Optimization and Financing Cost Reduction - The PBOC plans to continue using multiple policy tools to ensure that policies are effectively implemented, thereby releasing policy dividends [5]. - Measures include maintaining adequate market liquidity through various operations and lowering policy interest rates by 0.1 percentage points, with structural tools seeing a reduction of 0.25 percentage points [5]. - Specific support includes a 500 billion yuan re-loan for consumption and elderly care, and an additional 300 billion yuan for technological innovation and transformation, alongside the introduction of risk-sharing tools for innovation bonds [5].