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The Financial Secretary, Mr John C Tsang, who is leading a high-level business delegation to Russia, began his visit programme in Moscow today (June 1, Moscow time).
The delegation started the day by receiving a briefing by Mr Alexander Morozov, Chief Economist of HSBC Russia and Mr Peter Hughan, Head of Global Banking of HSBC Russia on the economic situation of the Russian Federation.
Mr Tsang and some members of the delegation then went to the Federal Service for the Financial Markets of Russia and exchanged views with the head of the service, Mr Vladimir Milovidov, on the outlook of the world economy in general and the performance of the Russian financial markets in particular. Also discussed was the Federal Service's approach in market regulation and enforcement.
In the afternoon, the delegation met First Deputy Mayor of the Moscow City Government and head of economic policy and development Mr Yuri Vitalyevich Roslyak. During the meeting, Mr Tsang briefed the Deputy Mayor on measures Hong Kong had taken to counter the effects of the global financial crisis. Both sides also explored possible areas of co-operation between the two cities.
Later in the day, Mr Tsang met with Mr Arkady Dvorkovich, Adviser to the Russian President and briefed him on the latest state of the Hong Kong economy and the SAR's economic integration with the Mainland.
In the evening, the delegation attended a dinner reception hosted by the Chinese Ambassador to Russia, Mr Liu Guchang.
Ends/Tuesday, June 2, 2009
Issued at HKT 12:23
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