FS continues his visit in Beijing (with photos)

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     The Financial Secretary, Mr John C Tsang, today (November 29) continued his visit to Beijing and met with finance officials of the Central Government. Joining him were 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.

     In the morning, he met with Deputy Governor of the People's Bank of China (PBOC) Mr Yi Gang. Mr Tsang expressed his gratitude to the PBOC and relevant Central Authorities for their support all along in the development of the financial services industry of Hong Kong. He remarked that the initiatives to enhance mutual market access between the capital markets of Hong Kong and the Mainland, including the Shanghai-Hong Kong Stock Connect and the Mainland-Hong Kong mutual recognition of funds arrangement, as well as the Shenzhen-Hong Kong Stock Connect to be launched shortly, will help further promote the opening up of the Mainland's capital markets as well as the internationalisation of the Renminbi (RMB). It will also reinforce Hong Kong's position as an international financial centre and a premier offshore RMB hub.

     This was followed by a call on the Minister of Finance, Mr Xiao Jie, who has recently assumed office. Mr Tsang updated him on the latest economic situation of Hong Kong, as well as the measures to promote development of Hong Kong as an infrastructure financing hub.

     Tomorrow (November 30), Mr Tsang will call on the Chairman of the China Securities Regulatory Commission, Mr Liu Shiyu, and the Minister of Commerce, Mr Gao Hucheng, to exchange views on measures to strengthen financial and trade co-operation between Hong Kong and the Mainland. Mr Tsang will return to Hong Kong tomorrow evening.

Ends/Tuesday, November 29, 2016
Issued at HKT 21:14

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The Financial Secretary, Mr John C Tsang (second right), today (November 29) meets with the Deputy Governor of the People's Bank of China, Mr Yi Gang (second left), in Beijing. Also joining the meeting are the Secretary for Financial Services and the Treasury, Professor K C Chan (first right), and the Chief Executive of the Hong Kong Monetary Authority, Mr Norman Chan (first left).

The Financial Secretary, Mr John C Tsang (second left), today (November 29) meets with the Minister of Finance, Mr Xiao Jie (second right), in Beijing. Also joining the meeting are the Secretary for Financial Services and the Treasury, Professor K C Chan (first left), and the Chief Executive of the Hong Kong Monetary Authority, Mr Norman Chan (third left).