Guangdong and Hong Kong jointly organized the symposium on the "Expand the Development of the Greater Bay Area for the Development of Bonds in the Bond of Bonds in the Bonds of the offshore RMB bonds"

Text/Yangcheng Evening News all -media reporter Hang Ying

On September 23, the Guangdong Provincial Development and Reform Commission and the Hong Kong Financial Affairs and Treasury Bureau jointly organized a symposium on "Expanding the Obverse RMB Bond Market Activation of Bonds Financing to the Greater Bay Area." The symposium was held in the form of video connection. A total of about 100 people from relevant government departments, financial institutions and enterprise representatives in Guangdong and Hong Kong participated.

The principals of the Guangdong Provincial Development and Reform Commission said in a video speech that the "Outline of the Development Planning of the Guangdong -Hong Kong -Macao Greater Bay Area" clearly stated that it consolidates and enhances the status of the international financial center of Hong Kong, strengthened the status of Hong Kong's global offshore RMB business hub, and supported the Greater Bay Area to support the Greater Bay Area Enterprises issue RMB bonds in accordance with regulations. This symposium is an important measure for Guangdong and Hong Kong to implement the outline of the Greater Bay Area planning.

At present, the construction of the Guangdong -Hong Kong -Macao Greater Bay Area has achieved significant results, and the construction of the international first -class bay areas and the world -class urban agglomeration has taken a solid step. Guangdong and Hong Kong to expand the offshore RMB bond market will better play the unique advantages of Hong Kong's back to the motherland and the Unicom world, better play the advantages of Guangdong's reform and opening up first, and strengthen the function of unblocked domestic large cycles and China Unicom's international dual cycle. Provide more opportunities for the development of the Greater Bay Area dividends to participate in the construction of the Greater Bay Area and share the development opportunities of the Greater Bay Area.

The main person in charge of the Hong Kong Finance Affairs and Treasury Bureau said that the current global major economy has entered an increase of interest rates, and the cost of issuing RMB bonds is relatively decreased compared to the US dollar currency, which is conducive to promoting more enterprises to issue "dim sum bonds in Hong Kong to issue" dim sum bonds "".

According to statistics, the amount of dim sum bonds in the first eight months of this year is the peak of the same period over the years. At the same time, due to the interest difference between the shore and the offshore RMB market, recently mainland investors have grown in investment in Hong Kong offshore bonds through bonds through bonds. In addition to the issuance of "snack debt" from the Mainland, incremental liquidity further promotes the growth of the Hong Kong offshore RMB capital pool, and forms a positive cycle to promote the internationalization of the RMB.

It can be said that under the current interaction of interest rate markets in the world, the Mainland and Hong Kong, it has created a good market environment for the issuance of "dim sum debts". By hosting this symposium, on the one hand, it provides a platform for government departments and market participants in Guangdong and Hong Kong. On the other hand, it also encourages more Mainland, especially the Greater Bay Area enterprises to issue "snack debts" in Hong Kong.

The relevant person in charge of the Guangdong Provincial Development and Reform Commission introduced the relevant situation of the "dim sum debt" issuance of Guangdong Province, and also said that the Provincial Development and Reform Commission will further strengthen macro -guidance, strengthen service supervision, give full play to the role of the market, and support more high -quality issuance subjects to broaden financing financing Channel, increase effective financing tools, raise lower cost funds, and seize the development opportunities of the Greater Bay Area.

Source | Yangcheng Evening News • Yangcheng School

Title Chart | Visual China

Editor -in -law | Hu Yan

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