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The Financial Secretary, Mr John C Tsang, met a number of Central Government officials in charge of financial and monetary policies in Beijing today (November 4) with a view to promoting financial collaboration between the two places.
Mr Tsang started the day by meeting with the President of the China Insurance Regulatory Commission, Mr Xiang Junbo. Both sides are firmly committed to encouraging cross-border collaboration in Renminbi reinsurance.
The President of the Association for Relations Across the Taiwan Straits, Mr Chen Deming, hosted a lunch for Mr Tsang.
In the afternoon, Mr Tsang met with the Chairman of the China Securities Regulatory Commission, Mr Xiao Gang. Mr Tsang expressed his appreciation to the Commission for its continued support for Hong Kong's development, especially in regard to the Shanghai-Hong Kong Stock Connect and mutual recognition of funds.
At the subsequent meeting with the Chairman of the China Banking Regulatory Commission, Mr Shang Fulin, Mr Tsang expressed the wish to further promote offshore Renminbi business in Hong Kong, consolidating Hong Kong's position as an international financial centre.
Tomorrow (November 5), Mr Tsang will visit the Ministry of Commerce, the People's Bank of China, the Ministry of Finance and the Hong Kong and Macao Affairs Office of the State Council.
Joining Mr Tsang on the visit are the Secretary for Financial Services and the Treasury, Professor K C Chan, and the Chief Executive of the Hong Kong Monetary Authority, Mr Norman Chan.
Ends/Tuesday, November 4, 2014
Issued at HKT 19:53
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