Hong Kong was willing to promote and expand offshore renminbi business with other financial centers in the world, said the chief executive of the HKMA.
Some companies in Guangdong province have been given approval by the People's Bank of China to apply for yuan-denominated loans in Hong Kong.
China Vanke Co, the mainland's largest property developer by market value, reached a deal to acquire Hong Kong-based Wing Tai Properties' subsidiary company Winsor.
Leung Chun-ying, newly-elected Chief Executive of the Hong Kong SAR said Hong Kong people's expectation is his obligation.
The capital duty currently levied on Hong Kong companies will be abolished from next month, the city's Registrar of Companies said on Sunday.
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