HK, Qianhai Hold Financial Seminar

Secretary for Financial Services & the Treasury Christopher Hui today attended the Hong Kong-Qianhai Financial Cooperation Seminar by video conferencing.

Jointly held by the Financial Services & the Treasury Bureau and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality, the seminar involved in-depth discussion on the strategic direction of the future financial co-operation between Hong Kong and Qianhai.

Mr Hui said: “The seminar enables us to share our thoughts and, more importantly, listen to the insights of the financial industry practitioners and regulators.

“We will jointly push forward connectivity in respect of three major areas, namely capital, services and professions.

“We are dedicated with boundless ambition and lofty aspirations to create greater synergy and bring about rapid development that benefits both Hong Kong and Qianhai.”

He also said Hong Kong’s community and financial industry were greatly encouraged by the Plan for Comprehensive Deepening Reform & Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone announced in September, and they are looking forward to the further co-operation between the two places.

Mr Hui also pointed out that the Northern Metropolis Development Strategy proposed by the Chief Executive would bring opportunities to promote higher-level collaboration between Shenzhen and Hong Kong, so that the two cities can give full play to their dual-engine function in the Guangdong-Hong Kong-Macao Greater Bay Area.

Taking today’s opportunity, Mr Hui called on electors attending the seminar in Hong Kong to vote in the Legislative Council General Election this Sunday in order to elect new LegCo members dedicated to and capable of building a better Hong Kong.

The ability of today’s seminar participants to gather and discuss Hong Kong-Qianhai co-operation opportunities should be attributed to the implementation of the National Security Law and the improvement to the electoral system in Hong Kong promulgated by the central government, he noted.

These provided Hong Kong with dual protection, allowing the city to return to the right track of focusing on social and economic development, he added.

“Everyone’s vote will help Hong Kong open a new era of good governance. It will also help us promote more financial co-operation with Qianhai and the Mainland, making our due contributions to the development of our country.”

The Hong Kong side of today’s seminar was conducted at the Central Government Offices. Over 100 representatives from the Financial Services & the Treasury Bureau, financial regulators, financial institutions and the trade attended. Qianhai Authority Principal Liaison Officer for Hong Kong Witman Hung was also present.

In Qianhai, participants included representatives from the Qianhai Authority, Shenzhen Finance Bureau, Shenzhen financial regulatory agencies, Qianhai enterprises, financial institutions, the trade and several banks eligible for launching the Cross-boundary Wealth Management Connect Pilot Scheme.