Abstract
The establishment and development of an offshore RMB financial market has far-reaching implications. As an important component of China’s offshore financial market, Hong Kong’s RMB offshore financial market is an objective prerequisite for China’s long-term financial liberalization and the establishment of a new “double-loop” development model. Although Hong Kong’s offshore RMB financial market has made great progress in the past decade, there are still some shortcomings. This paper analyzes the development trend of Hong Kong’s offshore RMB from the perspective of the characteristics and advantages of Hong Kong’s RMB offshore market, and identifies the problems, and then discusses the development direction and focus of Hong Kong’s offshore RMB.
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