Hong Kong’s professional and financial services sectors will benefit from the Asian Infrastructure Investment Bank’s operations.
Acting Secretary for Financial Services & the Treasury James Lau made the statement to legislators today, saying Hong Kong can take part in the planning, implementation and operation of the bank’s infrastructure projects as it has experts in project negotiation, international law and professional arbitration services.
“Given the depth and breadth of Hong Kong's financial markets and availability of financial sector professionals, the professional services and financial services sectors of Hong Kong like project financing, bond issuance, investment management, financial management and foreign exchange management will stand to benefit from the AIIB's operations.”
Mr Lau said Under Secretary for Financial Services & the Treasury has been an Advisor of the China constituency at the bank, and participates in the board meetings in that capacity.
He added the role enables the Government to put forward Hong Kong’s views on bank matters, and ensures the city is consulted on matters affecting its interests.
“We are confident that after Hong Kong has formally joined the bank, our representative can continue to be an Advisor of that constituency, and sit in the board meetings as necessary.”