Chief Executive John Lee today met Minister of the National Financial Regulatory Administration (NFRA) Li Yunze to exchange views on further strengthening Hong Kong’s financial co-operation with the Mainland.
 

After welcoming Mr Li and his delegation to Hong Kong, and thanking them for their participation in the 17th Asian Financial Forum, Mr Lee praised the NFRA for supporting Hong Kong in leveraging its unique advantages under the “one country, two systems” principle and bolstering its status as an international financial centre.
 

Initiatives in progress include deepening connectivity between financial markets in the Mainland, Hong Kong and Macau, and further opening up the Mainland’s banking and insurance sectors to Hong Kong and Macau.
 

There are also measures to support Hong Kong in consolidating its role as an offshore renminbi business hub, and to help Chinese financial institutions anchor and serve the Hong Kong market.
     

Mr Lee said the Hong Kong Special Administrative Region Government will continue to make every effort to consolidate and strengthen Hong Kong’s position as an international financial centre, and enhance the competitiveness of its financial services industry.
 

Hong Kong will also further deepen financial co-operation with the Mainland, and actively support financial market reform and opening-up at a national level, he added.