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Third meeting of Shenzhen-Hong Kong Financial Co-operation Committee convened today (with photos)
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     The Shenzhen-Hong Kong Financial Co-operation Committee convened its third meeting in Hong Kong today (November 7) under the co-chairmanship of the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Vice-Mayor of the Shenzhen Municipal People's Government and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee, Mr Luo Huanghao. At the meeting, the Financial Services and the Treasury Bureau (FSTB) and the Shenzhen Municipal Financial Regulatory Bureau signed a Memorandum of Understanding (MOU) in relation to co-operation in gold-related aspects.
 
     The Committee discussed the latest developments in the financial markets and financial co-operation initiatives of Shenzhen and Hong Kong. It also explored new suggestions for boosting the further development of a collaborative market.
 
     The FSTB and the Shenzhen Municipal Financial Regulatory Bureau signed an MOU at the meeting. By leveraging complementary strengths, the two places will jointly build a deeply integrated regional gold ecosystem. The MOU provides lawful and regulatory support for Hong Kong gold traders in co-operating with qualified refining enterprises in Shenzhen to carry out processing trade. The co-operation will bring the initiative to accelerate the building of an international gold trading market as announced in "The Chief Executive's 2025 Policy Address" into action.
 
     In addition, the FSTB and the Shenzhen Municipal Financial Regulatory Bureau have reached a consensus on further deepening fintech co-operation and exchange, with a view to fully leveraging the strengths of both cities in fintech and jointly establishing a global fintech centre. The two parties will jointly announce co-operation policies in the fintech sector in the near future.
 
     Mr Hui said that Hong Kong and Shenzhen, both key engines for driving the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), will undoubtedly continue strengthening financial co-operation at this pivotal juncture when the country is concluding its National 14th Five-Year Plan and preparing for the 15th Five-Year Plan with a view to unleashing the immense potential of the GBA, thus jointly making contributions to the country’s development as a financial powerhouse.
 
     Mr Luo said that Shenzhen will comprehensively and accurately implement the "one country, two systems" principle with unwavering commitment, steadfastly uphold the fundamental principle of "one country", and effectively leverage the advantages of the "two systems", with a view to comprehensively deepen Shenzhen-Hong Kong financial co-operation and fully support Hong Kong in consolidating and enhancing its status as an international financial centre. This will also accelerate Shenzhen's development into an industry-focused financial centre with significant global influence, and propel Shenzhen-Hong Kong financial co-operation to higher levels, broader dimensions, and wider fields, thereby contributing fresh and greater efforts towards building a financial empowered country.
 
     Established in June 2024, the Shenzhen-Hong Kong Financial Co-operation Committee brings together official members from the financial regulatory bodies of the Central Authorities, Shenzhen and Hong Kong, as well as industry leaders in both places as non-official members to provide insights on Shenzhen-Hong Kong financial co-operation and the development of the GBA's financial infrastructure.
 
Ends/Friday, November 7, 2025
Issued at HKT 19:53
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The Shenzhen-Hong Kong Financial Co-operation Committee convened its third meeting in Hong Kong today (November 7) under the co-chairmanship of the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Vice-Mayor of the Shenzhen Municipal People's Government and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee, Mr Luo Huanghao. Photo shows the representatives of government bodies, financial regulators, exchanges and non-official members of Shenzhen and Hong Kong discussing the latest developments in the financial markets and financial co-operation initiatives of the two places.
The Shenzhen-Hong Kong Financial Co-operation Committee convened its third meeting in Hong Kong today (November 7) under the co-chairmanship of the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Vice-Mayor of the Shenzhen Municipal People's Government and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee, Mr Luo Huanghao. Representatives of government bodies, financial regulators, exchanges and non-official members of the two places are pictured before the meeting. Starting from third from left at the front row is the Deputy Director of the Shenzhen Municipal Financial Regulatory Bureau, Mr Zhu Jiang; the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan; Mr Luo; Mr Hui; the Deputy Secretary General of the Shenzhen Municipal People's Government, Mr Wu Kunsheng; the Under Secretary for Financial Services and the Treasury, Mr Joseph Chan; and the Senior Advisor of the International Cooperation Department (Office of Hong Kong, Macao and Taiwan Affairs) of the National Financial Regulatory Administration, Ms Wang Caixia.
The Shenzhen-Hong Kong Financial Co-operation Committee convened its third meeting in Hong Kong today (November 7) under the co-chairmanship of the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Vice-Mayor of the Shenzhen Municipal People's Government and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee, Mr Luo Huanghao. Photo shows Mr Hui delivering a speech.