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Expert Group on Hong Kong-Guangdong Financial Co-operation meets today (with photos)

     The Expert Group on Hong Kong-Guangdong Financial Co-operation held its fourth meeting in Hong Kong today (May 28) to discuss ways to enhance financial co-operation between the two places.

     The meeting was co-chaired by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Miss Au King-chi, and the Director General of the Financial Affairs Office, People's Government of Guangdong Province, Mr Zhou Gaoxiong. Members of the Expert Group include representatives from the Guangdong provincial government and the Hong Kong Government; regulators of the securities, insurance and banking industries in both places; and the Hong Kong Exchanges and Clearing Limited and the Shenzhen Stock Exchange.

     The Expert Group provides a useful platform for financial services departments and regulators of both places to implement the Framework Agreement on Hong Kong/Guangdong Co-operation and explore further measures on financial co-operation. Representatives of both places have exchanged ideas on cross-border RMB business development, banking, securities, insurance, futures and accounting sectors. They have also explored ways to enhance and deepen the financial co-operation between the two places, including promoting cross-border RMB business between Hong Kong and Guangdong, strengthening communication and co-operation between markets and industries (including securities, futures and accounting industries) of the two places. They have also put forward constructive suggestions to consolidate financial co-operation between Hong Kong and Guangdong.

     Hong Kong and Guangdong signed an agreement to establish the Expert Group on Hong Kong-Guangdong Financial Co-operation at the 12th Plenary of the Hong Kong/Guangdong Co-operation Joint Conference in August 2009.

Ends/Monday, May 28, 2012
Issued at HKT 19:17


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