The Chief Executive, John Lee, met the Minister of the National Financial Regulatory Administration, Li Yunze, today (January 25) to exchange views on further strengthening Hong Kong's financial cooperation with the Mainland. Also attending the meeting was the Secretary for Financial Services and the Treasury, Christopher Hui.
Lee welcomed Li's visit to Hong Kong with his delegation and their participation in the 17th Asian Financial Forum. Lee expressed his gratitude to the National Financial Regulatory Administration for fully supporting Hong Kong to leverage its unique advantages under the "one country, two systems" principle, so as to continuously reinforce and enhance Hong Kong's status as an international financial center. The initiatives include further deepening the connectivity between the financial markets in the Mainland, Hong Kong and Macao; enhancing the opening up of Mainland's banking and insurance sectors to Hong Kong and Macao; supporting Hong Kong in consolidating its role as an offshore Renminbi business hub, and supporting Chinese financial institutions to anchor and serve the Hong Kong market.
Lee said that 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 continuously enhance the competitiveness of the financial services industry. Hong Kong will also further deepen financial co-operation with the Mainland and actively integrate into the national development of the reforming and opening-up of the financial market, he added.
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