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Transcript of SFST's remarks
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     Following is the transcript of remarks by the Secretary for Financial Services and the Treasury, Professor K C Chan, at a media session after attending the Hong Kong Institute of Certified Public Accountants Best Corporate Governance Disclosure Awards 2015 presentation ceremony today (November 30):

Reporter: What is the significance of the imminent inclusion of yuan in the SDR basket?

Secretary for Financial Services and the Treasury: I believe the eventual inclusion of the Renminbi (RMB) in the SDR basket is a very important milestone in the process of internationalisation of the Renminbi because that means RMB will gain more acceptance as a trading currency, as well as an investment currency, especially as reserve management is concerned. I believe it is something that everyone who is working on Hong Kong's RMB offshore market efforts has been waiting for. I would like to see that coming so that there will be more demand for RMB offshore products, such as those being developed and traded in Hong Kong. In short, it will be very good for our market development.

Reporter: (About the impact of the inclusion of Renminbi in the SDR basket on Hong Kong.)

Secretary for Financial Services and the Treasury: I think I have answered it already. It is good for Hong Kong because it is definitely good for the development of our offshore RMB market. There will be more demand for the RMB products and so it must be good for Hong Kong.

(Please also refer to the Chinese portion of the transcript.)

Ends/Monday, November 30, 2015
Issued at HKT 17:01

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