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 support.
Solving this liquidity riddle lies at the heart of convincing a sceptical western audience that Hong Kong can deliver on its aspirations to become a vibrant international trading hub for the RMB,...
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