HK'S FINANCIAL ADVANTAGES PROMOTED

Secretary for Financial Services & the Treasury Christopher Hui met Egypt Minister of Finance Mohamed Maait in Sharm El Sheikh, Egypt, on September 24 to highlight Hong Kong’s strengths in bond issuance and connectivity with the Mainland capital market.

Mr Hui elaborated on how Egypt could make use of such strengths to raise international capital as well as the sound infrastructure conductive to the development of Islamic finance.

In another meeting with Egypt Minister of Planning & Economic Development Hala H Elsaid, the treasury chief and the minister discussed the opportunities and challenges in the process of achieving economic growth while supporting the transition to a green and sustainable economy.

Additionally, he met Asian Infrastructure Investment Bank (AIIB) President Jin Liqun yesterday evening.

On September 23, while in Cairo, Mr Hui had meetings with Egypt Minister of Public Business Sector Mahmoud Esmat and Egyptian Exchange Executive Chairman Ahmed Abdel Rahman El Sheikh.

Apart from welcoming the country to raise funds through Hong Kong’s full-fledged bond market, he gave an introduction of Hong Kong’s listing reform in recent years facilitating new economy companies and pre-profit/revenue specialist technology enterprises to list in the city.

Mr Hui also called on Ministry of Finance Department of International Economic & Financial Cooperation Director General Cheng Zhijun.   

On September 22, he attended the AIIB Board of Directors’ Meeting in Cairo and called on Minister of the Chinese Embassy in Egypt Zhang Chaoyang.

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