[Hong Kong Financial Secretary Paul Chan: 70% of offshore RMB settlements are completed in Hong Kong, with monthly settlement volume exceeding 41 trillion yuan] Hong Kong Financial Secretary Paul Chan published a blog post, stating that Hong Kong will continue to promote the internationalization of the RMB and strengthen financial market connectivity, further consolidating its position as a global offshore RMB hub. Data shows that currently over 70% of global offshore RMB payments and settlements are conducted through Hong Kong; the local banking system's interbank RMB settlement volume has exceeded 41 trillion yuan, equivalent to approximately 2 trillion yuan per day. As China expands high-level opening-up and enterprises accelerate their global strategies, the demand for RMB in cross-border trade, investment, financing, and fund settlement will continue to rise, driving further expansion of the offshore RMB market. In terms of policy support, the Hong Kong Monetary Authority, with assistance from the People's Bank of China, has introduced a RMB liquidity arrangement mechanism to reduce the cost for banks to obtain RMB funds, supporting trade financing and corporate operational needs. Several banks have already expanded related businesses based on this mechanism.