Charles Li targets liquidity for Hong Kong's RMB market

Hong Kong stock exchange chief executive Charles Li says the city is lobbying Beijing to improve its FDI regime and to seek approval for providing an interim pool of liquidity support.

Engineering sufficient liquidity to foster RMB trading and settlement in Hong Kong is the city’s “greatest challenge, but also biggest opportunity”, its stock exchange chief executive, Charles Li, said yesterday.

Speaking to a rapt assembly at the Foreign Correspondents Club in the Central business district, Li stressed that the exchange, along with the Hong Kong Monetary Authority, would continue lobbying Beijing to improve its FDI regime as well as to seek approval for providing an interim pool of liquidity...

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