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Financial Leaders Forum convenes third meeting
     The Financial Leaders Forum, chaired by the Financial Secretary, Mr Paul Chan, held its third meeting today (February 9).

     At today's meeting, Members were briefed on the regulatory mechanisms and measures put in place to safeguard and ensure the robustness and well-functioning of Hong Kong's financial system and markets. Members gave their views and appreciated the resilience of the financial system and markets, which could rise to challenges under events and developments that might result in sudden and significant market disruption. The regulators were urged to stay vigilant and spare no effort in taking the necessary action to maintain financial stability in the face of geopolitical risks and global or regional economic forces with far-reaching implications. 

     Members also had a broad and strategic overview of Hong Kong's unique strengths as the international financial centre of China. Members considered that through closer and deeper economic connection with the Mainland, Hong Kong can continue to support and benefit from the Mainland's economic development and transformation. While noting that remarkable achievements in the financial services sector had been made over the past two decades, Members were of the view that Hong Kong should broaden and deepen its financial markets to cater for real economic needs, harness the power of technological advancement and nurture talent of the right calibre, in order to seize the opportunities arising from development of the Guangdong-Hong Kong-Macao Bay Area and the Belt and Road Initiative.

     The Forum will meet again in the next quarter.
Ends/Friday, February 9, 2018
Issued at HKT 18:45
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