Hong Kong is the gateway to China trade: HKMA

RMB trade settlement transactions handled by Hong Kong banks exceeded 2.6 trillion yuan in 2012.

The Chief Executive of Hong Kong Monetary Authority, Mr Norman Chan, spoke at a seminar in Dubai on the international use of renminbi and the one-stop services RMB financial platform provided by Hong Kong.

In his keynote presentation on 21January 2013, Mr Norman Chan said, “Hong Kong is the gateway for corporates and institutions to conduct trade and investments with China. Built on this unique position, Hong Kong has become a global hub for offshore RMB business, providing an ideal platform for a whole range of business and financial transactions conducted in RMB.”

The seminar, part of a series of overseas roadshows conducted by the HKMA since early 2011, was attended by 150 representatives from corporates and financial institutions from the United Arab Emirates and the region.