According to Hong Kong Financial Secretary Paul Chan on July 5, over 70% of global offshore RMB settlements and payments are completed through Hong Kong. 香港财政司司长陈茂波7月5日表示,全球逾70%的离岸人民币结算及支付通过香港完成。 Local bank interbank RMB settlement volume has exceeded 41 trillion yuan, averaging approximately 2 trillion yuan daily. 本地银行同业人民币结算量已超过41万亿元,日均约2万亿元。 Hong Kong Monetary Authority has launched an RMB Liquidity Arrangement mechanism to reduce banks' cost of obtaining RMB funds and support trade financing