BEIJING, Jan. 14
Xinhua News Agency reported, according to Hong Kong, the People's Bank of China released 13 foreign direct investment of RMB settlement pilot management practices, welcomed the Hong Kong Monetary Authority. After the implementation of new approaches, mainland enterprises can offshore RMB business in Hong Kong Centre of investment projects, but can also use Hong Kong multi-currency, multi-function financial platform to carry out the related financing and money management.
Hong Kong Monetary Authority Chief Executive Norman Chan 13, said that foreign direct investment pilot RMB yuan trade and investment to enhance the use of the cycle. This will help promote Hong Kong's offshore yuan market, and in the yuan
Under the new approach, domestic institutions approved by the relevant Mainland authorities, you can use the RMB funds for foreign direct investment. Meanwhile, the mainland bank branches or correspondent banks in Hong Kong, RMB can be obtained from the Mainland to invest in companies issuing RMB loans.
Hong Kong has been China's main foreign direct investment platform and springboard. In 2008 and 2009, the mainland's foreign direct investment enterprises were 55.9 billion U.S. dollars and 565 billion; of which 69% and 63% are invested in or through Hong Kong to invest around the world.
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