China Securities Regulatory Commission: Orderly launching the pilot program of digital RMB in Hong Kong
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According to Golden Finance, recently, the China Securities Regulatory Commission issued a letter on the reply to the proposal of the second session of the 14th National Committee of the Chinese People's Political Consultative Conference. It mentioned that the China Securities Regulatory Commission and relevant departments will further optimize and expand the interconnection of the mainland and Hong Kong financial markets, continue to optimize the mechanisms such as stock connectivity, bond connectivity, and fund mutual recognition. On the basis of summarizing existing experience, conduct in-depth research and demonstration of the feasibility of Hong Kong companies listing in the mainland, and continue to promote the optimization of the "cross-border wealth management connectivity" business pilot in combination with market demand, and carry out the pilot program of digital RMB in Hong Kong in order to comprehensively deepen the close practical cooperation between the mainland and Hong Kong, and consolidate and enhance Hong Kong's position as an international financial center. (Jin Shi)