According to Hong Kong media Ming Pao, Yao Zhisheng, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, said that it is time for Hong Kong to compile a white paper on financial development, take stablecoin bonds beyond London, and clearly announce and publish specific arrangements in this year's policy address.
1. Establish two strategic goals for financial development: one is to develop into a "dual-foundation" international financial center based on both the RMB and the US dollar; the other is to become an international financial center on par with New York.
2. Accelerate the internationalization of the RMB by focusing on the development of RMB stablecoins and the expansion of the issuance of RMB bonds. 3. Develop a 5-year plan for financial development and draw up a 10-year vision blueprint to ensure the implementation of financial development goals.
4. The Chief Executive should personally lead the preparation and implementation of the White Paper.
Yao Zhisheng, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference: Hong Kong should prepare a white paper on financial development and do a good job of stablecoin bonds to surpass London
2025-08-07 01:49:47
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