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FS meets finance officials

November 29, 2016

Financial Secretary John Tsang met People’s Bank of China Deputy Governor Yi Gang today.

 

The second day of his Beijing visit, Mr Tsang thanked the bank and the Central Government for their support for the development of Hong Kong’s financial services industry.

 

He said the initiatives to enhance mutual capital market access will help promote the opening up of the Mainland’s capital markets and the renminbi’s internationalisation.

 

Such initiatives include the Shanghai-Hong Kong Stock Connect, the mutual recognition of funds arrangement, and the upcoming Shenzhen-Hong Kong Stock Connect.

 

They will also reinforce Hong Kong’s position as an international financial centre and a premier offshore renminbi hub.

 

Mr Tsang then called on Finance Minister Xiao Jie, who has recently assumed office.

 

He updated Mr Xiao on Hong Kong’s economic situation, and the measures to promote the city’s development as an infrastructure financing hub.

 

Mr Tsang was accompanied by Secretary for Financial Services & the Treasury Prof KC Chan and Monetary Authority Chief Executive Norman Chan.

 
He will call on China Securities Regulatory Commission Chairman Liu Shiyu and Commerce Minister Gao Hucheng tomorrow before returning to Hong Kong.



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