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Analysis Of Hong Kong To Be An Offshore Financial Center Of Rmb, Qichao Song
Analysis Of Hong Kong To Be An Offshore Financial Center Of Rmb, Qichao Song
Lingnan Journal of Banking, Finance and Economics
In this article we aim to discuss the possibility and feasibility as well as the disadvantages and barriers for Hong Kong to be an offshore financial center of RMB. As the most biggest financial center in China, Hong Kong need to develop the RMB business for strengthening its position in the international competition. And we think that to become an RMB offshore financial center is not only an opportunity but also a responsibility for Hong Kong. We also give some suggestions on this issue.