Since launching the world's first offshore Renminbi (RMB) market in 2004, Hong Kong has become the world's number one offshore RMB business pool, processing around 73% of all offshore RMB transactions (2022).
Mutual access of capital markets is ever-closer. The Hong Kong Stock Exchange (HKEX) launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016 and Bond Connect in 2017. Wealth Connect was launched in 2021.
China's National 14th Five-Year Plan supports Hong Kong in building the city as an international I&T hub, fostering the development of the city as a Belt and Road Initiative functional platform, and achieving diversified and sustainable development of the economy.
Hong Kong will continue to benefit from the ongoing development of Mainland China. The signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020 by 15 member states – the ten ASEAN countries, China, Japan, South Korea, Australia and New Zealand - will further promote economic integration in the region. Hong Kong will leverage on the advantages under "One Country, Two Systems", playing its unique role as a gateway and an intermediary and seizing the opportunities brought by the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative.