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SFST attends Constituency Meeting at ADB Annual Meeting in Philippines (with photos)
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     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, today (September 28) attended the 55th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) in Manila, the Philippines.
 
     Mr Hui attended the Constituency Meeting at the ADB Annual Meeting this afternoon. The meeting, among others, discussed the ADB's response to the challenges of COVID-19, particularly the resources allocated to help developing member countries procure and deliver vaccines. The promotion of universal access to clean and affordable energy was also discussed.
 
     Noting that Hong Kong is an international financial centre with a deep pool of professional services providers, Mr Hui said that the city could collaborate with the international community and provide effective solutions in three areas to help overcome challenges faced by the world. On fintech development, Mr Hui said that a vibrant scene is emerging through provision of an enabling regulatory environment and subsidies for innovative projects to encourage innovation in financial services. He added that Hong Kong is well-equipped to develop into a leading regional hub for green and sustainable finance and encouraged the ADB to make use of the broad availability of financiers in the city for fund raising.
 
     Mr Hui also told participants that Hong Kong, a global offshore Renminbi business hub, possesses a unique edge in connecting capital between the Mainland and the rest of the world.
 
     Earlier today, Mr Hui paid a courtesy call to the Charge d'Affaires of the Chinese Embassy in the Philippines, Mr Zhou Zhiyong. He briefed Mr Zhou on the good development of Hong Kong's financial industry. He hoped that Hong Kong could contribute to the relationship between the country and the Philippines, in line with the strategies of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development.
 
     Mr Hui will also attend a dinner hosted by the Philippine Government tonight.
 
     He will attend the Governors' Seminar and Governors' Business Session at the Annual Meeting of the ADB in Manila tomorrow (September 29) before returning to Hong Kong.
 
Ends/Wednesday, September 28, 2022
Issued at HKT 18:15
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During his visit to Manila, the Philippines, the Secretary for Financial Services and the Treasury, Mr Christopher Hui (left), today (September 28) paid a courtesy call to the Charge d’Affaires of the Chinese Embassy in the Philippines, Mr Zhou Zhiyong.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui (front row, third left), today (September 28) attended the Constituency Meeting at the Annual Meeting of the Asian Development Bank in Manila, the Philippines. Also present was the Acting Director-General of the Hong Kong Economic and Trade Office, Jakarta, Mr Lee Sheung-yuen (front row, fourth left).