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Gate Square New & Returning Creator Rewards are ongoing!
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Hong Kong insists on the linked exchange rate system while simultaneously strengthening the offshore status of the Renminbi.
Chief Executive John Lee recently stated that Hong Kong will maintain the peg of the Hong Kong dollar to the US dollar, which is one of the key factors for the success of Hong Kong’s economy, and will not change due to the escalation of geopolitical tensions. However, Lee said that this does not mean that Hong Kong’s financial system is completely dependent on the linked exchange rate system. In the future, Hong Kong will strengthen its leading position as a global offshore renminbi business center and provide more diversified products to drive more trade. He hopes to launch more renminbi business products in the future, allowing overseas investors holding renminbi to profit, and will also work to strengthen the dual counter trading model of Hong Kong dollar-renminbi, allowing investors to purchase renminbi-denominated stocks listed in Hong Kong with offshore renminbi.