Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Zeti Akhtar Aziz
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
531.2516

Press Releases

First Meeting of the Hong Kong – Malaysia Private Sector Dialogue on Offshore Renminbi Business

The Hong Kong – Malaysia Private Sector Dialogue on Offshore Renminbi Business (“Dialogue”) convened for its first meeting today (Thursday) in Kuala Lumpur. This Dialogue was established following the agreement by the Hong Kong Monetary Authority (HKMA) and Bank Negara Malaysia (BNM) in August 2013 to strengthen the collaboration between Hong Kong and Malaysia in the area of renminbi (RMB) business. It was attended by senior representatives from 10 Hong Kong and Malaysian banks. HKMA and BNM officials facilitated the discussions during the meeting.

The interest and participation in the Dialogue reflected the strengthening trade and investment links between Mainland China, Hong Kong and Malaysia. Malaysia is China’s largest trading partner within the Association of Southeast Asian Nations (ASEAN) region, while outward direct investments from China to Malaysia has also increased rapidly in recent years. To facilitate the associated increase in the demand for RMB trade settlement and investment opportunities, the Dialogue is intended to be a platform through which Hong Kong and Malaysian financial institutions can deepen their cooperation and enhance their collective capabilities in providing RMB products and services.

Dialogue participants reviewed recent developments in the offshore RMB markets in Hong Kong and Malaysia, and agreed to enhance collaboration to further develop the market in the following areas:

  • To strengthen efforts in raising awareness amongst corporations about the use of RMB in trade settlements and investments.
  • To expand business relationships between banks in Hong Kong and Malaysia, with the view to further optimising liquidity conditions in the two financial markets.   
  • To assess market infrastructure needs and consider appropriate market responses in developing offshore RMB products and services to meet emerging market demand. 
  • To promote the development of the offshore RMB sukuk market, leveraging on the respective strengths of Hong Kong and Malaysia in RMB business and in Islamic finance respectively. 

The next meeting of the Dialogue will be held in Hong Kong in 2014.

 

Hong Kong Monetary Authority
Bank Negara Malaysia
5 December 2013

Note:

The 10 Hong Kong and Malaysian banks participated in the Dialogue were Bank of China, Bank Islam, CIMB Bank, Hong Leong Bank, HSBC, Industrial and Commercial Bank of China, Maybank, Public Bank, RHB Bank and Standard Chartered Bank.

Last revision date: 5 December 2013
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Information in Other Languages (Bahasa Indonesia, हिन्दी, नेपाली, ਪੰਜਾਬੀ, Tagalog, ไทย, اردو)
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery