Paul Chan, Hong Kong’s Financial Secretary, said at the Lujiazui Forum on June
17 that global investor demand for RMB allocations is rising and Shanghai and
Hong Kong should coordinate to broaden RMB investment products and
risk‑management tools. He urged aligning Shanghai’s futures and spot markets to
introduce more RMB‑priced, deliverable "China‑priced" products in gold and
commodities to bolster the RMB’s international investment and reserve functions.
Chan called for scaling Chinese outbound direct investment and a coordinated
onshore–offshore treasury platform, proposing an "industry in Shanghai, offshore
treasury in Hong Kong" model to provide integrated domestic and offshore funding
and asset‑allocation solutions.
