Hong Kong, September 15 (Xinhua) - The Special Administrative Region of Hong Kong (HSAR) The government Wednesday welcomed a joint ad issued by the Popular Bank of China and The Hong Kong the monetary authority that Southbound trade in Bond Connect will be launched on September 24. The Southbound trade will allow continental investors to invest in the Hong Kong Bond Market through the Connection between the Financial. Institutions of infrastructure services of the two places.

Executive Director of HKSAR Carrie Lam said launching the Southbound trade in Bond Connect to complete the bidirectional Connection of the bond markets. Promote greater mutual access between the two financial markets, establish a new milestone to comply with the objectives set out in Plan 14 of five years (2021-2025) for national socioeconomic development, and strengthen Hong Kong status as an international financial center .

"The National Plan 14º of five years expresses its firm support to Hong Kong to strengthen its functions as a Renminbi business center on the high seas, a management center of international assets and a risk management center ,. to 3,800 billion renminbi (590.76 billion US dollars) as of August of this year and the average daily turnover increased by 17 times during the same period. < / p>

LAM said that Hong Kong will make it continue to fully take advantage of its unique advantages and capitalize on development opportunities presented by the 14th five-year plan, the new "Double Circulation "From the national and international markets and the Bay Area of ​​Guangdong-Hong Kong-Macao.

" Our objectives are actively integrate into national development and contribute to the internationalization of the market Capitals of the continent, "he said.

Paul Chan, financial secretary of HSAR, said Hong Kong that has endeavored to deepen mutual access from the market with the continent to further strengthen his role in the Connecting the financial markets on the continent and the rest of the world.

"The release of Southbound Trading in Bond Connect will expand the product suite of the Connect family. It provides an effective channel for qualified land investors to perform an assignment of Diversified assets, and at the same time presents huge opportunities for the financial industry of Hong Kong, "said Chan.

Chan pointed out that the move will further underline the unique function of Hong Kong in the continental capital Connection and the wide range of products in the international market.

"Not only would this improve the attractiveness of Hong Kong as a bond station platform and the Liquidity of the Bond Market in Hong Kong, but they also facilitate yet More the progress of Renminbi internationalization, "he said. Enditem follows China.org.cn on Twitter and Facebook to join the conversation.Chinanews app download

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