Renminbi Business in Hong Kong
Hong Kong was the first offshore market to launch renminbi business back in 2004. Along the expanding use of renminbi in global trade and investment activities over the years, Hong Kong has developed into the global offshore renminbi business hub with the deepest and most liquid renminbi market outside Mainland China. Banks and other financial institutions in Hong Kong offer a full range of renminbi services to meet the needs of different businesses and investors. With its strengths as an international financial centre and a unique edge in its close links with Mainland China, Hong Kong is now the global hub for renminbi trade and banking services, financing, asset management, as well as clearing and settlement. The highly efficient and robust market infrastructure in Hong Kong, including the Renminbi Real Time Gross Settlement system, is playing a critical role in facilitating market participants from all over the world to handle renminbi transactions both with Mainland China and among the offshore markets.
Hong Kong : The Global Offshore Renminbi Business Hub (January 2016) (PDF File, 8.46MB)
Accessible Version (PDF File, 193KB)