RMB internationalization process helps mainland enterprises to borrow port for sea

In the increasingly clear map of the internationalization of the renminbi, the planning "go out" of the mainland enterprises can rely on which platform to further make a difference?　　Analysts pointed out that the full development of the renminbi offshore financial market in Hong Kong, to play its renminbi clearing function is constantly improving the advantages, has become a boost to the mainland enterprises to "sea" one of the engines.　　19th The PBoC and the Hong Kong renminbi business Clearing Bank Bank of China (Hong Kong) Limited in Hong Kong signed the newly revised "Bank of Hong Kong Renminbi Business Settlement Agreement", on the same day, the central bank and the Hong Kong Monetary Authority on the expansion of the renminbi trade settlement arrangements, signed a supplementary memorandum of cooperation.　　Shanghai experts pointed out that as an important part of the internationalization of the renminbi, this will further promote the use of the renminbi outside the mainland, but also to the renminbi as the main settlement currency of the mainland to Hong Kong to develop enterprises, and further accelerate the pace of "going out". The financial Secretary of the Hong Kong Special Administrative Region, Mr John Tsang, said in Shanghai 21st that many mainland financial institutions have successfully moved to international territory through this platform.　　For example, Haitong Securities (9.68,-0.04,-0.41%) completed its acquisition of Hong Kong's great fortune Securities in January this year, and Guotai International Holdings Limited was successfully listed in Hong Kong in early July as its flagship to open up international business.　　He also disclosed that in line with the internationalization of the renminbi process, Hong Kong is actively promoting mainland enterprises such as issuing renminbi bonds in Hong Kong. As early as 2007, Haitong (Hong Kong) Financial Holdings Limited was established in Hong Kong by the mainland securities broker (Haitong).　　Haitong Securities board Secretary, Assistant President of the Jin Xiaobin said, as a company with a financial platform across the mainland and Hong Kong brokerage, has the ability and obligation to the renminbi internationalization of the development process to make a difference. Jin Xiaobin disclosed that in the next phase, in line with the internationalization of the renminbi national Strategy, Haitong Securities plan to expand four areas involving domestic and foreign markets new business.　　He said the company will raise renminbi funds in Hong Kong through the small QFII program, invest in domestic stock and bond markets, help the overseas renminbi return and increase the renminbi investment channel. In addition, Haitong Securities also plans to undertake the domestic large enterprises in Hong Kong to issue renminbi bonds of underwriters and market makers role; At the same time, the design and distribution of RMB offshore derivative products will be carried out, increasing the holding of foreign investors to China's financial products and enlarging the regionalization and internationalization of RMB circulation.　　The company also plans to set up a renminbi-denominated private equity or industrial fund in Hong Kong to invest in domestic companies and increase the channels for renminbi investment in Hong Kong. In fact, the process of benefiting from the internationalisation of the renminbi is not only a mainland financial institution that is developing in Hong Kong. Early this year in Hong Kong set up a subsidiary of the Beijing Yi Group is a high-speed growth of small and medium-sized talent service enterprises.　　Li Yunyu, vice president of the company's business development, said the renminbi settlement became more convenient in Hong Kong and would lay a good foundation for the company's future mergers and acquisitions of overseas institutions. According to Li Yunyu analysis, because the company's large income is still from the mainland, and mainly in renminbi settlement, the company borrowed "port" to go to seaStrategy will benefit from the new breakthroughs in the development of renminbi business in Hong Kong. In an interview 21st, the Secretary for Financial services and the Treasury of the HKSAR government, KC, said Hong Kong was not only a global financing platform for mainland enterprises, but also a place to help it become more international.　　Documents such as the newly revised liquidation agreement will not only give birth to new renminbi financial products in Hong Kong, but also satisfy the demand of large numbers of trade settlement enterprises in renminbi. "Test market, to enter the world," This is a considerable part of the investment enterprises in Hong Kong practical ideas.　　"Li Yunyu from the perspective of business operators.　　In this respect, the Director of investment promotion of the Hong Kong Special Administrative Region, Galpin, said that in recent years, the mainland enterprises to invest in Hong Kong has diversified trend, the expectation of financing is one of the reasons, and "enhance the international brand image, further towards the global" is a deeper goal. Statistics show that in 2009, the Investment Promotion Agency of the Hong Kong Special Administrative Region (INVESTHK) received 265 cases of investment in Hong Kong, and the mainland enterprises accounted for 18% of them, which involved finance, consultancy, technology, retail, catering, logistics and other industries.