The Outline Development Plan supports consolidating and enhancing Hong Kong's status as international financial centre, strengthen its status as a global offshore Renminbi (RMB) business hub and its role as an international asset management centre and a risk management centre, promote the development of high-end and high value-added financial, commercial and trading, logistics and professional services, etc.
To strengthen Hong Kong's status as a global offshore RMB business hub
- To progressively expand the scale and scope of the cross-boundary use of RMB in the Greater Bay Area.
- Banking institutions in the Greater Bay Area may launch, in accordance with relevant regulations, cross-boundary RMB interbank lending, RMB foreign exchange spot and forward businesses, related RMB derivative products and cross distribution of wealth management products.
- Enterprises in the Greater Bay Area may issue cross-boundary RMB bonds in accordance with relevant regulations.