SZ-HK FINANCIAL MEETING HELD

Secretary for Financial Services & the Treasury Christopher Hui led a delegation to attend the second meeting of the Shenzhen-Hong Kong Financial Co-operation Committee in Qianhai, Shenzhen, today.

The meeting echoed the aspirations expressed by CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong during the discussion session he hosted on February 9 for more reciprocal co-operation and collaborative development within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

The meeting was co-chaired by Mr Hui and Shenzhen Vice Mayor and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee Luo Huanghao.

The committee discussed the latest developments of the financial markets and financial co-operation initiatives of Shenzhen and Hong Kong. It also explored suggestions on further enhancing the development of a collaborative market.

On collaboration in terms of financial professional services and talent, Mr Hui announced a list of Hong Kong accounting firms capable of supporting Mainland enterprises in going global, and expressed his hope that Hong Kong's high-quality and international professional services could facilitate the high-level opening of the country's financial markets.

The committee also arranged an experience-sharing session by two Hong Kong students who participated in the GBA Fintech Two-way Internship Scheme for Post-secondary Students to encourage the industry to provide more opportunities for young people from Shenzhen and Hong Kong to foster talent exchanges in the financial realm.

Mr Hui said that Hong Kong and Shenzhen were both core cities and key engines for driving the development of the GBA, noting that it is anticipated that Hong Kong will continue its close collaboration with Shenzhen for co-ordinated development.

As Mr Hui said at the discussion session hosted by Mr Xia, the further strengthening of co-operation between Hong Kong and the GBA in the areas of financial markets and services would better reinforce national development strategies.

Additionally, Mr Luo highlighted that the Shenzhen-Hong Kong Financial Co-operation Committee is an important platform for implementing “one country, two systems” and reinforcing Hong Kong’s status as an international financial centre.

He said: “Moving forward, favourable policies and connectivity of financial infrastructure will act as key pillars and help provide breakthroughs for the continuous enhancement to the connectivity of Shenzhen-Hong Kong financial infrastructure.

“We will work in co-ordination with Hong Kong in providing financial services for enterprises to go global, supporting the efficient flow of capital, credit and data across the boundary.”

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