You might expect Hong Kong to be delighted with its central role in the internationalisation of the renminbi. The metrics have indeed been impressive: since mid-2010 RMB deposits have grown five-fold, to about 8 per cent of Hong Kong’s deposit base; monthly RMB trade settlements in the city have grown 13-fold over the same period and account for almost 90 per cent of China’s cross-border RMB trade settlements; the so-called dim-sum bond market has gone from zero to a US$15bn market in less than a year.
你可能認爲香港會對其在人民幣國際化進程中所扮演的核心角色感到高興。相關數量指標的確令人印象深刻:自2010年年中以來,香港人民幣存款額成長了4倍,已佔到當地存款基礎的約8%;同期,香港人民幣貿易月結算額成長了12倍,佔到中國跨境人民幣貿易結算額的近90%;所謂的「點心債券」市場的規模,在不到一年的時間裏從零成長到了150億美元。