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Komfie Manalo, Opalesque Asia:

Sun Suzhi, an executive at CITIC Futures has expressed confidence that Chinese President Xi Jiangping will soon open the London-Hong Kong connect to further internationalize the RMB and as part of sweeping reforms to improve the Chinese economy.

Insisting that he was expressing his personal opinion, Sun said during the latest Opalesque China Roundtable, "I am very positive that chairman Xi Jingping is also going to open up the London-Hong Kong connect. So from my perspective, I certainly feel that the RMB Internationalization is on track and that will basically be a good signal for the further opening of the financial markets."

According to Sun, China has formed new groups under Xi’s leadership to restructure the economy in order to foster more stability and further growth. Xi has also included the RMB into the Special Drawing Rights, which he said, is a major signal for the ongoing RMB internationalization. "I believe that the opening of the economy should be a non-stop process from here on," he added.

He also commended the policies being introduced by the Chinese government after the market crash as "very positive." Sun cited the reopening of the IPOs as well as the further internationalization of the Chinese currency.

He added, "A lot more asset classes that are o......................

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