Zhang Jun, vice chairman, executive director and chief executive officer of China Construction Bank (Asia), said in an interview with media representatives on Wednesday that #HongKong’s role as a “super-connector” for renminbi internationalization is indispensable, especially when various mainland-Hong Kong mutual market access schemes continue to expand in size and scale, which is set to generate a larger offshore RMB capital pool. | China Daily

The newly launched HKD-RMB Dual Counter Model will see 24 companies let investors trade in RMB. Hong Kong Secretary of Financial Services and the Treasury Christopher Hui Ching-yu explains that the next step is to connect RMB counters in HKEX with the Southbound Stock Connect, thereby letting investors on the mainland directly purchase and sell stocks on the Hong Kong market. This will further increase the internationalization of the RMB and the role of Hong Kong in achieving this goal. #Reality

#China's central bank: Advancing RMB internationalization in an orderly manner In a recent interview with China Media Group, the People's Bank of China Governor Pan Gongsheng said the central bank will continue to advance global financial governance reform and international financial cooperation, promote high-level opening-up of financial services and markets, and steadily advance the internationalization of the renminbi in 2026. #BizFocus | CGTN Global Business

Jeffrey Sachs, a world-renowned professor of economics and director of the Center for Sustainable Development at Columbia University said in an exclusive interview with China Daily that the international monetary system is becoming increasingly diversified. He predicted that the influence of the US dollar will significantly decline within the next 10 years. He addded that the internationalization of the renminbi and the rise of digital currencies will reshape the global financial landscape. | Ch