The report discusses the historical role of Hong Kong in China's economic system transformation and opening-up policy, including its importance as an entrepot for trade, a major source of overseas direct investment, and a center for cross-border RMB trade settlement and offshore RMB business. The report also notes the challenges faced by developed economies since the 2008 global financial crisis and the need for Mainland China to undergo a new round of structural adjustment and system reform. The report raises the question of whether there is a possibility for a virtuous interaction between the development and reform of Mainland China's financial industry and the strengthening and enhancement of Hong Kong's pivotal role as a financial center. The report suggests that policy adjustments and micro-level improvements are necessary to achieve a win-win situation.
