RMB internationalization remains a policy priority. Hong Kong, as an
international financial center and offshore RMB hub, is implementing measures to
deepen the offshore RMB market and strengthen mainland–Hong Kong market
connectivity. Authorities are promoting wider corporate use of RMB in trade and
financing to ease cross-border operations and reinforce Hong Kong’s conduit role
between the mainland and global markets. Industry feedback highlights frictions:
corporate inertia toward other currencies, legacy operational and accounting
systems that do not support RMB transactions, and limited awareness or
cost‑benefit analysis of RMB banking products. Hong Kong authorities are
consulting with industry and mainland policy departments to identify practicable
solutions.
