FS starts his visit to Beijing (with photos)

     The Financial Secretary, Mr John C Tsang, today (November 28) started his visit to Beijing. Joining him 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.

     Mr Tsang started the day by meeting with the Inspector of the Department of Western Region Development of the National Development and Reform Commission, Mr Ou Xiaoli. Mr Tsang pointed out that as the international financial centre of China and the global offshore Renminbi business centre, Hong Kong has a well-developed capital market and robust regulatory framework, and can serve as the investment and financing hub for infrastructure projects along the Belt and Road region. He added that the Infrastructure Financing Facilitation Office newly established under the Hong Kong Monetary Authority can provide a platform for information exchange and experience sharing for key stakeholders, and facilitate infrastructure development in the region.

     In the afternoon, Mr Tsang had separate meetings with the Director of the Hong Kong and Macao Affairs Office of the State Council, Mr Wang Guangya, and the Chairman of the China Insurance Regulatory Commission, Mr Xiang Junbo.
     He discussed with them various issues of mutual concern, including Hong Kong's latest economic situation as well as the strengthening of co-operation on two-way cross-border Renminbi reinsurance.
     Tomorrow (November 29), Mr Tsang will continue his visit in Beijing.

Ends/Monday, November 28, 2016
Issued at HKT 20:00