The Chinese Government has unveiled new plans to boost Hong Kong's development.

Speaking at a forum in Hong Kong on August 17, Vice Premier Li Keqiang said the Central Government will "actively support the growth of the renminbi (Chinese currency) market in Hong Kong," expand renminbi circulation channels between Hong Kong and the mainland, and support the innovation and development of offshore renminbi financial products in Hong Kong.

He also announced measures including expanding cross-border trade settlement in renminbi to cover the whole country, launching pilot projects for foreign banks to replenish capital with renminbi and supporting Hong Kong enterprises' direct investment on the mainland in renminbi.