Shenzhen, Shenzhen and Hong Kong financial cooperation is the biggest advantage

 Institute of Finance, the State Council Development Research Center, Xia Bin, director: Shenzhen-Hong Kong financial cooperation is the biggest advantage

Shenzhen Securities Times reporter Yang Li-hua

held in Shenzhen yesterday, the second session of the Forum on China's economy 50 , the State Council Development Research Center, Xia Bin, director of the Institute of Finance that Shenzhen-Hong Kong financial cooperation, will be the biggest advantage of Shenzhen and conditions. Xia Bin

that the next breakthrough is not in financial reform and the Shenzhen exchange rate of RMB each other to control these important issues, but rather to obey the unified arrangement of the State, with the national financial strategy. Shenzhen, Hong Kong should make good use of opportunities for the development of offshore yuan market, self-building task, namely,

Shenzhen borders Hong Kong and Shenzhen than in Hong Kong are aware of any city in the mainland, so the range of RMB internationalization issues such as the status and role of Shenzhen irreplaceable. Shenzhen-Hong Kong cooperation is the biggest breakthrough in the financial industry and innovation.

said Xia Bin, the internationalization of RMB is the yuan as soon as possible to let go, let the yuan in the international circle to form a self-cycle, deposits, loans, stocks, bonds and other kinds of circulation, around the world want to take the yuan. Shenzhen in this regard, the advantages unmatched.

aspects of the RMB to go out, on the one hand the development of the renminbi in the share of QDII, direct investment in Hong Kong financial market, so that the mainland cities of Shenzhen and the funds under the guidance of relevant state regulations, to enter Hong Kong through Shenzhen; another aspects of conditional ability to organize the Shenzhen bank ten countries of ASEAN, Southeast Asia, Africa, Latin America RMB loans. Return in terms of RMB, Shenzhen also has coordinated an interactive bridge between the Mainland and Hong Kong.

Xia Bin that the development of Asian bond market, the Shenzhen also has a lot of room. Asian dollar bond market to engage in it, is the country's needs. Xia Bin, suggested Shenzhen can try in Japan, Korea, Hong Kong, Taiwan, to find close partners, the establishment of private rating agencies in Asia. Combined the power of the initiative to form a private organization in Asia to study the characteristics of Asia's debt and promote the Asian bond market and U.S. dollar bond market.

said Xia Bin, Shenzhen can do to emulate the Swiss private bank. In addition to the financial industry with the national policy, you can create a genuine private bank. In addition, Shenzhen and Hong Kong, Shenzhen is also close co-operation can take advantage of the special status, with the extension of the diversification of foreign exchange reserves to support the use of national foreign exchange reserve diversification.