In the development of digital currency, which is very important. The Hong Kong SAR government and regulatory agencies regulate the cryptocurrency market through a series of clear rules and regulations, implement penetrating supervision, and strictly review and supervise cryptocurrency trading platforms, making the trading of crypto assets legal and compliant. This fully demonstrates Hong Kong's special advantages of being backed by the motherland and connected to the world.
Tam Yiuchung, vice president of the China Association for Hong Kong and Macau Studies, adviser to the Democratic Alliance for the Betterment and Progress of Hong Kong, and secretarygeneral of the Alliance for Restarting iceland phone number list Hong Kong, said that Hong Kong should accelerate the development of an offshore RMB center and promote the internationalization of the RMB. At present, Hong Kong is an offshore RMB center, but the scale of RMB deposits in Hong Kong is relatively small. In recent years, the entire fund pool has been around RMB 600 billion to more than RMB 1 trillion. It is necessary to significantly increase the RMB fund pool in Hong Kong. The exchange rate of Hong Kong offshore RMB fluctuates greatly, which will generate greater risks, and it is difficult for the market to form products denominated in RMB. Hong Kong still has a long way to go to become a good offshore RMB center.