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The Financial Secretary, Mr John C Tsang, and the Chief Executive of the Hong Kong Monetary Authority, Mr Joseph Yam, would attend the G20 Summit on Financial Markets and the World Economy to be held in Washington DC on November 15, a government spokesman announced today (November 6).
The spokesman said that the Central Peopleˇ¦s Government had agreed to the attendance of representatives of the Hong Kong Special Administrative Region Government at the summit as members of the Chinese delegation.
The G20 Summit will discuss, among other things, the causes of the global financial crisis and review the progress achieved by various economies in dealing with the crisis. It will also discuss the way forward with reforms in the international financial system.
The spokesman said, "Hong Kongˇ¦s participation in the summit will enable us to gain a deeper understanding of the state of the global economy and the direction of future reforms. This will be beneficial to the maintenance of stability and the long-term development of our economy."
Mr Tsang and Mr Yam will leave for the United States on November 13 and return on November 18. During Mr Tsang's absence, the Secretary for Financial Services and the Treasury, Professor K C Chan, will be Acting Financial Secretary.
Ends/Thursday, November 6, 2008
Issued at HKT 18:41
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