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#7成离岸人民币结算经港完成 According to the latest data, Hong Kong processes approximately 75% of the world's offshore RMB payments, making it the world's largest offshore RMB business hub. This status is attributed to Hong Kong's unique geographical advantage of "backed by the motherland, connecting the world," as well as its mature financial infrastructure, free and open capital flow environment, and national policy support. Hong Kong not only provides efficient RMB settlement services but also has built a full-chain offshore RMB ecosystem covering deposits, bonds, foreign exchange, derivatives, etc., providing important support for the internationalization of the RMB.
This shows that Hong Kong holds an absolutely dominant position in the global offshore RMB market and is the core hub for RMB internationalization. This is reflected in the following aspects:
1. Leading settlement share: Globally, about 75%-80% of offshore RMB settlement business is processed through Hong Kong, far exceeding other financial cities, highlighting its position as the global offshore RMB payment center.
2. Large fund pool: Hong Kong has the world's largest offshore RMB fund pool. As of the end of July 2024, total RMB deposits reached 1.19 trillion yuan, providing ample liquidity support for offshore RMB transactions.
3. High trading activity: The average daily transaction volume of Hong Kong's RMB Real Time Gross Settlement (RTGS) system is about 2.5 trillion yuan, reaching a record high of 3.1 trillion yuan in 2024, reflecting the high activity of RMB financial activities in Hong Kong.
4. Policy and institutional advantages: As a special administrative region of 🇨🇳, Hong Kong has an independent financial system, free capital flow, and a mature common law environment. It enjoys national policy support while maintaining the openness and freedom of an international financial center. This unique "offshore hub" positioning makes it a "super connector" linking the mainland and global financial markets.
5. Core engine for RMB internationalization: Hong Kong is not only the core functional carrier for the full chain of cross-border RMB circulation, settlement, investment, and financing, but also the "gateway" for foreign capital entering 🇨🇳 and Chinese capital going global, playing a key role in promoting the process of RMB internationalization.
Relying on its unique policy, geographical, institutional, and market advantages, Hong Kong has become the absolute dominant player in the global offshore RMB market and the core hub for the RMB to go global.
This indicates that Hong Kong holds an absolutely dominant position in the global offshore renminbi market and is the core hub for renminbi internationalization. This is reflected in the following aspects:
1. Leading settlement share: Approximately 75%-80% of global offshore renminbi settlement transactions are processed through Hong Kong, far surpassing other financial cities, highlighting its role as the global offshore renminbi payment hub.
2. Large capital pool size: Hong Kong has the world's largest offshore renminbi capital pool. As of the end of July 2024, total renminbi deposits amounted to 1.19 trillion yuan, providing ample liquidity support for offshore renminbi transactions.
3. High trading activity: The daily average transaction volume of Hong Kong's renminbi real-time gross settlement system is approximately 2.5 trillion yuan, reaching a historic high of 3.1 trillion yuan in 2024, reflecting the high level of activity in Hong Kong's renminbi financial activities.
4. Policy and institutional advantages: As a special administrative region of 🇨🇳, Hong Kong has an independent financial system, free capital flow, and a mature common law environment. It enjoys support from national policies while maintaining the openness and freedom of an international financial center. This unique "offshore hub" positioning makes it a "super connector" linking the mainland with global financial markets.
5. Core engine for renminbi internationalization: Hong Kong is not only a key functional carrier for the full chain of cross-border renminbi circulation, settlement, investment, and financing but also serves as a "gateway" for foreign capital entering 🇨🇳 and Chinese capital going global, playing a critical role in driving the process of renminbi internationalization.
With its unique advantages in policy, geography, institutions, and market, Hong Kong has become the absolute dominant player in the global offshore renminbi market and the core hub for the renminbi's global expansion.