Hong Kong Business News

The Shenzhen-Hong Kong Financial Co-operation Committee was established and convened its first meeting in Hong Kong today.

The committee is co-chaired by Secretary for Financial Services & the Treasury Christopher Hui and Shenzhen Municipal People's Government Vice-Mayor and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee Luo Huanghao.

Mr Hui pointed out at the inauguration ceremony that the committee had gathered official members from the central authorities, Shenzhen and Hong Kong as well as leaders of the financial industry in both places to offer suggestions on Shenzhen-Hong Kong financial co-operation and the development of financial infrastructure of the Guangdong-Hong Kong-Macao Greater Bay Area.

He added that he looks forward to the continuous strengthening of bilateral financial co-operation, with the committee serving as a platform for communication, exchange and collaboration to foster mutual access between the financial markets of both places and jointly contribute to building the financial strength of the country.

Mr Luo said that Shenzhen and Hong Kong were closely connected in terms of geographical proximity and cultural ties with active economic exchanges and huge potential for co-operation, adding that the committee will bolster mutual financial co-operation to a higher level and a wider range of areas.

At today’s meeting, the committee discussed the latest developments of the financial markets and financial co-operation initiatives of Shenzhen and Hong Kong. It also explored new suggestions on further enhancing the development of a collaborative market and enabling the movement of financial talent.

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