June 17, 2026 — Shenwan Hongyuan chairman Liu Jian told the Lujiazui Forum in
Shanghai that Shanghai–Hong Kong financial cooperation is a strategic pivot
linking China's financial market to global markets and supporting the
international expansion of RMB assets. He said two core drivers will be key:
first, China's industrial upgrading and stronger tech competitiveness will
accelerate Chinese firms' outbound expansion, making integration of onshore and
offshore markets and resources a strategic necessity; second, global currency
diversification and a restructuring of asset-allocation logic create scope for
deeper Shanghai–Hong Kong coordination. As global allocations move from dollar
dominance toward greater diversification and long-term stability, Liu said the
RMB's role as an important sovereign currency and safe asset is strengthening
and its allocation value is accelerating.
