Chinese Vice Premier Li Keqiang visits Hong Kong for economic forum

The video discusses the People's Bank of China's (PBOC) role in supporting the development of Hong Kong's RMB market and expanding cross-border trade and investment channels. It highlights the expansion of RMB trade settlement nationwide and the support for Hong Kong enterprises investing in mainland China. The video also covers the 12th Five-Year Plan, emphasizing economic cooperation and the importance of developing the service industry to sustain China's long-term economic stability.

What is one of the main roles of the People's Bank of China as discussed in the video?

• To regulate the stock market

• To support the development of the RMB market in Hong Kong

• To oversee the insurance industry

• To manage the country's foreign exchange reserves

What is a key focus of the central government regarding RMB financial products in Hong Kong?

• To limit the use of RMB in Hong Kong

• To innovate offshore RMB financial products

• To restrict cross-border trade

• To reduce foreign investment in RMB

What initiative is being expanded to cover the entire nation?

• RMB real estate investments

• RMB stock trading

• Cross-border trade RMB settlement

• RMB insurance policies

How are Hong Kong enterprises encouraged to invest in mainland China?

• By investing in non-financial sectors

• By using RMB for direct investment

• By partnering with local banks

• By using foreign currencies

What is highlighted as a significant factor for China's future economic stability?

• Reducing exports

• Developing the service industry

• Increasing foreign debt

• Limiting domestic consumption