The Expert Group on Hong Kong-Guangdong Financial Co-operation held its seventh meeting in Nansha, Guangdong, today to discuss ways to enhance financial co-operation between the two places.
Permanent Secretary for Financial Services & the Treasury (Financial Services) Andrew Wong and Guangdong Financial Affairs Office Deputy Director-General Zhang Xiaoshan co-chaired the meeting.
The two sides exchanged views on promoting cross-boundary renminbi business, opening up capital markets, co-operation initiatives in insurance industries, and pursuing opportunities arising from the development of the Guangdong Free Trade Zone to enhance co-operation with areas such as Nansha in Guangzhou, Qianhai in Shenzhen and Hengqin in Zhuhai.
Hong Kong representatives also toured the Nansha section of the Guangdong Free Trade Zone, the Pearl Bay Start-up Cluster and the Nansha District Administration Centre exhibition hall, to understand the latest developments there.
Mr Wong said Hong Kong has been maintaining close partnership with Guangdong, and has acted as a springboard to help many Guangdong enterprises go global.
Hong Kong should grasp the opportunity to deepen financial co-operation with Guangdong, towards enhancing Hong Kong's status as a premier offshore renminbi centre, which would result in mutual benefits, he added.
