Leung seeks bigger role for Hong Kong in drafting of 13th Five-Year Plan

HONG KONG - Hong Kong will aspire for more involvement in drafting the nation's 13th Five-Year Plan and will play a bigger role in yuan globalization, Chief Executive Leung Chun-ying said on Tuesday.
Addressing the forum - "Financial development in China and implications for the global economy" - organized by China Daily at the Hong Kong Convention and Exhibition Centre, Leung said: "The consultation process has just started and Hong Kong wants to be proactive, it doesn’t want to merely receive a drafted, finalized 13th Five-Year Plan." He said: “We want to provide feedback to various organs of the central government on our experiences in implementing the 12th Five-Year Plan and we want to share with the central government our perspectives on how both Hong Kong and the country could benefit from the new plan.”
The yuan globalization provides “huge opportunities” to Hong Kong as one of the key financial centers of the country, and the move will change the whole concept of world trade, Leung said. “Renminbi globalization is more than promoting a new international currency, it creates a whole new mindset in international trade with the Chinese mainland.”
“And as a global financial center, it’s Hong Kong’s mission to promote the use of Renminbi in the world,” Leung said.
The Pacific Trade and Development Conference, the think tank that helped shape the Asia Pacific Economic Cooperation (APEC), and Hong Kong Institute for Monetary Research, a research organization established by Hong Kong Monetary Authority (HKMA), were co-sponsors of Tuesday's forum. More than 200 business leaders, academics and government officials attended the forum.
The panel discussion that followed the forum focused on what China has done and will do in future in terms of financial development and reform, and how Hong Kong can participate in the process so that the city benefits from it.
http://www.chinadailyasia.com/news/2013-11/19/content_15099994.html