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The Financial Secretary, Mr John C Tsang, arrived in Bucharest, Romania today (November 17, Bucharest time), for his two-day visit to strengthen economic and trade ties between Hong Kong and Romania.
Mr Tsang first held a meeting with the representatives of the Romanian Banking Association. Mr Tsang introduced the robust regulatory mechanism for the banking sector in Hong Kong, and outlined Hong Kong's world-class and diversified financial services, from fundraising, investment, asset management to the full range of offshore Renminbi services.
This was followed by a dinner with the Chinese Ambassador to Romania, Mr Xu Feihong.
Mr Tsang will meet with Romania's State Secretary for Public Finance, Mr Attila György tomorrow. A Comprehensive Agreement for the Avoidance of Double Taxation between Hong Kong and Romania will be signed.
Mr Tsang will also have a meeting with the Chamber of Commerce and Industry of Romania, and deliver a keynote speech at a business seminar on "Opportunities under the Belt and Road Initiative", highlighting how the "Belt and Road" will emerge as a driving force of the world economy in the 21st century.
Mr Tsang attended the Group of Twenty Leaders' Summit on November 15 and 16 at Antalya, Turkey, as part of the delegation of the People's Republic of China, before his visit to Romania.
Ends/Wednesday, November 18, 2015
Issued at HKT 00:18
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