Li: Rmb going out should be opened with capital project
Source: Internet
Author: User
He also pointed out that the Hong Kong renminbi offshore market has a very good experimental significance, because the impact on the mainland is limited, and some shocks also have the benefit of "Caixin Network" (reporter Lu Yanji from Boao) "Capital projects are not open, how to let the renminbi go out, internationalization?" The Hong Kong exchange chief executive, Li, said at the Boao Forum for Asia April 16. He said that the renminbi to go out and capital account open together, can not be artificially divided, the internationalization of the renminbi will ultimately be open to capital projects and services, rather than independent. Li said, "It has been felt that the capital account is not open to the two of the reasons for China's crisis, but not that the Chinese did not open the door at that time." "Li that the renminbi offshore market in Hong Kong is a very good test, because the impact of the offshore market is very small, even if Hong Kong's renminbi to 2 trillion, only 2% of the domestic securities market." Second, the offshore market itself is a test, even if there are some shocks are good.
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