Chan: Integration of the mainland and Hong Kong financial system needs to be gradual

January 20 PM the secretary for Financial services and the Treasury, Chan, said in the Asian Financial Forum that the integration of the mainland and Hong Kong financial systems was inevitable and that appropriate products would be introduced to investors in both places.　　He also said that the renminbi Cross-border trade settlement in the enterprise has not been widely accepted. Chan said today that the integration of the two places should be gradual, with the introduction of appropriate products to investors in the two places, including exchange-traded funds, to achieve their goals.　　He did not support the use of the "through train" to describe such measures, also said that the introduction of related products have not set a timetable. On Hong Kong's opening up of more renminbi business under CEPA, he pointed out that the continuous analysis and discussions between Hong Kong and the mainland authorities will be held in Beijing in the near future.　　He argues that more products are needed to boost the renminbi's acceptance abroad. He also said that the current cross-border trade settlement between the mainland and Hong Kong is still not universal, although the overall structure is growing steadily, but it is still limited to some enterprises and cities. He pointed out that many companies are still understanding the use of renminbi settlement of technical details, the business has not been widely accepted. (Peng from Hong Kong)