HONG KONG: Beijing will introduce new measures to strengthen Hong Kong as an offshore yuan center, if necessary, People’s Bank of China governor Zhou Xiaochuan said.
“We have confidence in Hong Kong as a financial center and their ability to manage risk,” Zhou said at a briefing in Beijing following the National People’s Congress.
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The government is satisfied with the Shanghai-Hong Kong Stock Connect operation, he said. “The design of the connect is relatively conservative because it is new.”
Deputy Governor Yi Gang added: “This year we will definitely launch the Shenzhen-Hong Kong Stock Connect program.”
Yi also said the Hong Kong-US dollar peg is faring well so there is no need to tinker with it.
