According to the Hong Kong Special Administrative Region press release, the Chief Executive of the Hong Kong Special Administrative Region, Li Ka-chao announced the “First Five-Year Plan for the Economic and Social Development of the Hong Kong Special Administrative Region” today. Among them, it is proposed to strengthen Hong Kong's function as the world's largest offshore RMB business hub. Comprehensively expand the scale of offshore RMB business, continue to improve the offshore RMB ecosystem, strengthen liquidity support, establish a liquidity supplement mechanism for the Hong Kong RMB offshore market, accelerate the innovation and expansion of offshore RMB product types, build a full-coverage, multi-level RMB cross-border circulation network, and improve the stability of offshore RMB financing. Actively promote RMB as the government's payment currency. Further enhance the ability of the offshore RMB market to support the real economy, comprehensively enhance its support and promotion role in trade, investment and financing, and cross-border business development, and support enterprises to use RMB more widely in cross-border economic and trade business, and facilitate the exchange of RMB with other regional currencies. Strengthen financial supervision and communication between the Mainland and Hong Kong, and maintain close exchanges on issues relating to maintaining the stability of Hong Kong's financial market.

According to the Hong Kong Special Administrative Region press release, the Chief Executive of the Hong Kong Special Administrative Region, Li Ka-chao announced the “First Five-Year Plan for the Economic and Social Development of the Hong Kong Special Administrative Region” today. Among them, it is proposed to strengthen Hong Kong's function as the world's largest offshore RMB business hub. Comprehensively expand the scale of offshore RMB business, continue to improve the offshore RMB ecosystem, strengthen liquidity support, establish a liquidity supplement mechanism for the Hong Kong RMB offshore market, accelerate the innovation and expansion of offshore RMB product types, build a full-coverage, multi-level RMB cross-border circulation network, and improve the stability of offshore RMB financing. Actively promote RMB as the government's payment currency. Further enhance the ability of the offshore RMB market to support the real economy, comprehensively enhance its support and promotion role in trade, investment and financing, and cross-border business development, and support enterprises to use RMB more widely in cross-border economic and trade business, and facilitate the exchange of RMB with other regional currencies. Strengthen financial supervision and communication between the Mainland and Hong Kong, and maintain close exchanges on issues relating to maintaining the stability of Hong Kong's financial market.