Hong Kong Financial Secretary Paul Chan announced that over 70% of global offshore RMB payments and settlements are processed through Hong Kong, with the local banking system's monthly RMB interbank settlement volume surpassing 41 trillion yuan. This equates to approximately 2 trillion yuan per day. The city aims to further promote RMB internationalization and strengthen its position as a global offshore RMB hub. To support this growth, the Hong Kong Monetary Authority, in collaboration with the People's Bank of China, has introduced an RMB funding facility to reduce banks' costs for obtaining RMB funds, aiding trade finance and corporate operations. Several banks have expanded their related services. Hong Kong plans to enhance the use of offshore RMB in trade, investment, and financing, and deepen cooperation with regional central banks. The upcoming Hong Kong Fixed Income and Currency Summit will address the future of offshore RMB and the bond market.