FS concludes visit to Beijing (with photos)

Finance Minister Mr Paul Chan continued his visit to Beijing today (July 24).


Mr. Chan and the group called upon the leadership of various central authorities related to finance and financial services, including the deputy director in charge of routine work of the Office of the Central Commission for Financial and Economic Affairs and director of the Office of the Central Group for Rural Work, Mr. Han Wenxiu; the governor of the People’s Bank of China, Mr. Pan Gongsheng; the chairman of the China Securities Regulatory Commission, Mr. Wu Qing; and the director of the State Taxation Administration, Mr. Hu Jinglin. During the meetings, Mr. Chan introduced the latest economic and financial situations of Hong Kong. He also highlighted Hong Kong’s work and progress in ensuring financial security and promoting sustainable development in the field of finance. They also discussed and exchanged views on various issues, including implementing measures to deepen mutual access between the mainland and Hong Kong financial markets; promoting the internationalization of the Renminbi in a stable, orderly and healthy manner; promoting financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area; strengthening financial regulation and tax cooperation, and more.


In the afternoon, Mr Chan and the group also met with the Minister of Human Resources and Social Security, Ms Wang Xiaoping. They exchanged views on how Hong Kong’s capital market could promote the development of pension financing in the mainland and enhance cooperation in areas such as talent flow and youth development between the mainland and Hong Kong. The chairwoman of the Mandatory Provident Fund Schemes Authority (MPFA), Ms Ayesha Macpherson Lau, and the MPFA’s chief executive, Mr Cheng Yan-chee, also attended the meeting.


Mr Chan concluded his visit to Beijing this evening and is returning to Hong Kong.


Mr Chan said: “I led a delegation of senior officials responsible for the financial system to visit Beijing. We visited the director of the Hong Kong and Macao Affairs Office of the State Council, Mr Xia Baolong, and deepened our understanding of the spirit of the Third Plenary Session, which will enable us to better plan and promote the work of promoting the city’s economic development and prosperity. We also met with leaders of central financial authorities to promote closer working relations. During the meetings, we discussed the enhancement of financial and economic cooperation between the two places and explored specific measures that would benefit the high-quality opening up of the country’s financial markets and promote the development of Hong Kong’s financial services. We are deeply grateful for our country’s love and loyal support for Hong Kong, and to various central authorities for expressing their concern and support to us. We hope to accelerate the implementation of various measures with relevant organisations on the mainland.


“Under the loyal support of the country and the leadership of the Chief Executive, the Government of the Hong Kong Special Administrative Region will do our best to implement the spirit of the Third Plenary Session of the 20th CPC Central Committee through solid work. We will strive to innovate and embrace change amid the complex and unstable environment, promote better integration into the country’s overall development, and align with national development strategies. We will also strive to strengthen and upgrade Hong Kong’s status as an international financial center, and accelerate the development of new high-quality productive forces, so as to make new and greater contributions to China’s path of modernization, and achieve higher quality development for Hong Kong.”

End/Wednesday July 24, 2024

Released at HKT 20:20

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