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Shanghai And Hong Kong Through Hongkong To Promote RMB Trading Growth Of About 20%

2014/5/15 10:15:00 20

Shanghai And Hong Kong Through Renminbi Trading Hongkong

driving Hongkong's RMB foreign exchange /p >
 strong > day trading volume increased by about 20% 
 yesterday, Hang Seng Bank of Hongkong said that after the formal implementation of the two-way trading mechanism between Shanghai and Hong Kong, the daily trading volume of Hongkong's RMB foreign exchange will increase by about 20%, and the speed of RMB circulation will be increased. 
Feng Xiaozhong, executive director of Hang Seng Bank and global banking and capital market business director, pointed out at the press conference that the current daily trading volume of RMB exchange in Hongkong interbank market is about 5 billion US $-60 billion, and the daily investment amount of Hong Kong Stock Exchange (mainland investment HK shares) is roughly equivalent to US $1 billion 700 million. If the daily quota is exhausted, the daily volume of RMB foreign exchange will be increased by about 20%, which will increase the foreign exchange earnings of banks. P "The impact on the RMB pool is neutral, but after the capital is strengthened, the turnover rate of RMB will be increased, which will play a key role in promoting the cross border use and internationalization of RMB." He said. 
 Feng Xiaozhong said that with the implementation of the Hongkong and Hong Kong links, the ceiling of daily RMB exchange of RMB 20 thousand yuan for the residents of Hong Kong is expected to be relaxed, and large opportunities are expected to be implemented before the formal implementation of Shanghai and Hong Kong. He predicted that Shanghai and Hong Kong would be more open to the mainland in terms of personal capital accounts, but it would not necessarily affect the size of the renminbi pool in Hongkong, but would help drive the flow of Renminbi and activate the pool of funds. 
 earlier, Chen Delin, President of the Hongkong monetary authority, said that the authorities continued to discuss with the mainland central bank to relax the exchange arrangements for Hong Kong people, hoping to relax the implementation before the launch of Shanghai and Hong Kong. 
 in addition, Feng Xiaozhong predicts that the mainland will accelerate the pace of opening up to other markets and futures in the future. 
 < a > href= > //www.sjfzxm.com/news/index_cj.asp > > brokerage > /a > ready to welcome business opportunities /p >
 to seize the business opportunities brought by Shanghai and Hong Kong, a number of brokerages are preparing for the battle. 
 in which, Hang Seng Bank's Hang Seng securities is actively preparing to participate in Shanghai Stock Exchange (Hongkong investment A shares). It is expected that the new trading system test can be carried out next month, and the Hang Seng Securities Research Institute of Hengsheng securities, a joint venture with Guangzhou securities, will provide A stock research, which is the only joint venture securities consultation license of Hongkong securities companies. "A" 
Haitong International said that it has actively grasped the opportunities brought by Shanghai and Hong Kong to provide relevant services for the current and new personal and institutional customers, including closely working with the Haitong Securities Research Department of the parent company. It provides all customers with a professional A share research report compiled by Haitong Securities Research Institute, so that customers can understand the latest market quotations of different sectors of A shares, and strengthen team training, increase the understanding of the brokerage team's investment regulations and operations in the A share market, assist clients in formulating suitable investment strategies, and organize a series of investor education activities, hoping to increase the awareness of Hongkong investors in the A share market and understand the potential of A share market, and enhance the trading platform to cooperate with Shanghai Stock Exchange. 
After the opening of Shanghai and Hong Kong (P), mainland brokerages can also participate in the "a href=" //www.sjfzxm.com/news/index_cj.asp "Hong Kong Stock Exchange < /a >, and the market is concerned about the role of Hongkong subsidiary of Chinese securities companies. 
Yan Feng, chairman of Guotai Junan international chairman, said P expects Shanghai and Hong Kong to push competition between securities companies from a single investment channel to a comprehensive service. At the same time, Shanghai and Hong Kong have opened a gap for the mainland wealthy investors to buy and sell Hong Kong stocks. In the mainland, they should no longer sneak out to publicize Hong Kong stocks. The company can openly publicize the Hong Kong stock market to mainland customers in the future. It is expected that the number of customers in the future will increase exponentially. 
Zhang Huafeng, member of the financial services sector of the Hongkong Legislative Council, said yesterday that he was optimistic about Shanghai and Hong Kong and believed that it could provide more outlets for securities companies. He suggested that Hongkong local brokerages could enhance their understanding of the mainland's < a href= "//www.sjfzxm.com/news/index_cj.asp" A share market < A / P and strive for business opportunities.