Hong Kong Monetary Authority: Encourage mainland enterprises to establish overseas business headquarters and corporate treasury centres in Hong Kong

HKMA Vice President Chen Weimin said at the 7th Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum that the Hong Kong Monetary Authority actively encourages mainland enterprises to set up overseas business headquarters and corporate treasury centers in Hong Kong to coordinate the deployment of overseas funds. In terms of payment, the current global payment system still has the pain points of many intermediate links and high payment costs. With the development of technology, these problems will be gradually solved. One example is the application of blockchain technology in the payment field. At present, Hong Kong is simultaneously promoting the application of central bank digital currency, commercial bank currency and other applications, hoping to provide more convenient and cost-effective solutions for future cross-border trade and investment payments. (Securities Times) (Jin Ten)