Yao Zhisheng suggests Hong Kong to prepare a white paper on financial development

Yao Zhisheng, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, suggested that Hong Kong prepare a white paper on financial development and make clear arrangements in the policy address. He put forward four suggestions: establishing the goal of a "dual foundation" international financial center; Promote the development of RMB stablecoins and bonds, and accelerate the internationalization of RMB; Develop a 5-year plan and a 10-year vision blueprint; The preparation and implementation of the white paper will be led by the Chief Executive.