Hong Kong Monetary Authority: Mainland enterprises are encouraged to establish overseas business headquarters and corporate finance centers in Hong Kong

People's Finance News, August 30, Chen Weimin, Vice President of the Hong Kong Financial Administration, said at the 7th Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum on August 30 that the Hong Kong Monetary Authority actively encourages mainland enterprises to establish overseas business headquarters and corporate finance centers in Hong Kong to coordinate the allocation of overseas funds. In terms of payment, the current global payment system still has pain points such as 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. Currently, Hong Kong is simultaneously promoting the central bank's digital currency, commercial bank currency and other applications, hoping to provide more convenient and more effective solutions for future cross-border trade and investment payments.
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