On the other hand, through the branches or subsidiaries established in Macao, Mainland banks have also strengthened their interaction with  BIS central bankers’ speeches  3  overseas counterparts. The interaction and cooperation between Chinese banking groups and Portuguese banking groups through Macao as the platform can be extended and utilized. The network can also be very much extended.
RMB as an investment instrument 11. The development of the RMB as an investment instrument has increasingly drawn global attention. Only within a few years, billions of “Dim-Sum” bonds, CDs and investment funds have been developed in the offshore RMB market of Hong Kong. The extensions of the QFII and RQFII scheme also allow elegible investors different choices of investment products onshore and offshore.