, Hong Kong
Photo by Annie Spratt for Unsplash

China supports HK's bid for international finance hub status

The bank provided conducive factors through its policies.

People’s Bank of China governor Yi Gang assured that it would fully support Hong Kong’s status as an international financial centre.

In his meeting with Chief Executive John Lee, Yi also said that the central bank would provide conducive factors and environment through its policies and measures whilst maintaining effective and proactive communication and co-operation with the city government.

Lee then expressed his gratitude to Yi and the bank for its continuous support and looked forward to strengthening green finance co-operation between Hong Kong and Mainland China.

READ MORE: China reopening to lift Hong Kong banks’ earnings: Fitch

He also thanked them for facilitating the city’s integration into the national development of the reform and opening-up of the financial market.

He later pointed out to Yi that Hong Kong could actively participate in the renminbi‘s internationalisation as the city is the largest offshore hub for the currency.

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