Hong Kong - London Forum to promote the wider international use of the renminbi held its first meeting today in Hong Kong.
The forum participants discussed the opportunities for the private sectors in Hong Kong and London arising from the wider use of the renminbi for business and financial transactions. This reflects a series of policy liberalisation measures the Mainland authorities enacted supporting the renminbi's use for trade settlement, direct investment and portfolio investment.
Participants committed to further close collaboration, among themselves and with other practitioners and market enablers, with the aim of bringing mutual benefits in the development of international renminbi business in the two financial centres.
They agreed to take action in supply of liquidity, payments and settlements and products and market services.
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