Experts bullish on the future of RMB investment products in Hong Kong market

Xinhua Hong Kong January 5 (reporter Su Xiaocheng tea) Hong Kong renminbi business development is steadily advancing.　　Chai, head of the Hong Kong Economic Research Division of the Bank of China, said 5th that the market for renminbi investment products have demand, the business development prospects. Speaking at the Chinese General Chamber of Commerce in Hong Kong, Chai published a speech entitled "Status and prospects of the development of renminbi business in Hong Kong".　　Chai said that Hong Kong's development of renminbi business mainly includes the payment of products, services, real economic products and investment products, which he is most optimistic about the development prospects of renminbi investment products. Chai said that the renminbi investment products include renminbi bonds, renminbi-denominated and traded stocks, funds, and all kinds of derivative products.　　He said that these products can meet the changing trend of Hong Kong's financial industry and Hong Kong's market advantages, the most promising development. Chai said that the current relatively mature investment products are renminbi bonds, including financial bonds and bonds. RMB bonds have now been issued in Hong Kong 13, each record a larger oversubscribed.　　In his view, the current issue of renminbi bonds in Hong Kong is only for individuals, financial institutions and trade companies to buy, the future will further attract including fund managers, MPF, insurance companies and institutional investors. Chai said that many Hong Kong people have asked insurance companies to buy renminbi policies, reflecting the market demand for renminbi life insurance products.