For Simon Galpin, who has lived in Hong Kong since before his native Britain handed the territory back to China, things haven't changed much in the 15 years since the historic transfer.
China will explore the feasibility of opening up Shenzhen's Qianhai district as the first mainland trial zone for yuan conversion under capital account.
China's Ministry of Finance announced Thursday to issue 23 billion yuan ($3.64 billion) in yuan-denominated sovereign bonds in Hong Kong as an effort to support Hong Kong's economy.
The Hong Kong Special Administrative Region (HKSAR) is now taking shape as a premier offshore renminbi (RMB) business center.
China's central government Wednesday announced a package of policies to boost economic and cultural relations between Hong Kong and the mainland.
The HK Monetary Authority unveiled its new facility for providing RMB liquidity to authorized institutions participating in RMB business in HK.
Lam believes the industry will develop quickly due to the economic growth of the Chinese mainland.