The Expert Group on Hong Kong-Guangdong Financial Co-operation held its sixth meeting in Hong Kong today to discuss ways of enhancing financial co-operation between the two places.
The meeting was co-chaired by Permanent Secretary for Financial Services & the Treasury (Financial Services) Au King-chi and Guangdong Financial Affairs Office Director General Liu Wentong.
Miss Au said Hong Kong welcomes Guangdong enterprises to manage cross-boundary and foreign capital via the Hong Kong platform, as it not only increases the efficiency of use of capital, but also enhances the flexibility of capital flow, which is conducive to corporate risk management in the long run.
The group comprises representatives from the Hong Kong and Guangdong governments; regulators of the securities, insurance and banking industries; and, the exchanges of the two places.
The meeting saw discussion on ways to enhance various financial co-operation initiatives, such as further promoting cross-boundary renminbi business and the two-way opening up of both sides' capital markets.
