Monetary Authority Chief Executive Norman Chan signed a memorandum of understanding with Banque de France Governor Christian Noyer in Paris today strengthening co-operation on renminbi business development.
The authority and Banque de France share the view that by fostering stronger renminbi links between the two places, it will enhance the breadth and depth of business in both centres, bringing about mutual benefits.
They will work together to facilitate more dialogue and collaboration between financial institutions and other corporates from Hong Kong and Paris, promoting greater use of the renminbi for trade and investment, renminbi liquidity flows, and availability of renminbi financial products and services.
Mr Chan said he looks forward to having closer collaboration with Banque de France to promote renminbi business links between Paris and Hong Kong.
“I believe this will help expand renminbi activities in both centres and enable financial institutions and corporates to capture more fully the enormous opportunities offered by the new era of the internationalisation of the renminbi," Mr Chan said.
