TechFlow news, June 9 — According to Jinshi Data citing Hong Kong Business Daily, Chief Executive John Lee recently stated that Hong Kong will maintain the linked exchange rate system between the Hong Kong dollar and the US dollar, a key factor behind Hong Kong's economic success, and this policy will not change despite rising geopolitical tensions.
However, Lee said this does not mean Hong Kong's financial system is entirely reliant on the linked exchange rate. Going forward, Hong Kong will strengthen its leading role as a global offshore RMB business hub and offer more diversified products to drive greater trade volume. He hopes to launch more RMB-based financial products in the future, enabling overseas investors holding RMB to benefit, and will work to enhance the HKD-RMB dual counter trading model, allowing investors to purchase RMB-denominated stocks listed in Hong Kong using offshore RMB.
