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SFST leads delegation to attend Lujiazui Forum in Shanghai (with photos)
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     The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation continued their visit to Shanghai today (June 18). When speaking at the 2026 Lujiazui Forum last evening, Mr Hui had discussions with industry leaders, academics and experts on the future trajectory of financial partnership between Shanghai and Hong Kong.

     Upon arrival in Shanghai yesterday afternoon (June 17), Mr Hui and the delegation visited the Shanghai Pudong Service Center for Overseas Investment. This Center, spearheaded by the Shanghai Municipal Commission of Commerce, is a one-stop service platform to support enterprises going global with professional services in the legal, financial, consulting, and accounting fields. Four Shanghai enterprises looking for expansion to global markets were invited to join an in-depth dialogue session with the delegation who come from the financial, insurance, accounting and investment sectors. The delegation introduced to the enterprises Hong Kong's strengths in the financial market and legal and other professional services, as well as the support available to them while going global via Hong Kong. 

     In the evening, Mr Hui led the delegation to attend the 2026 Lujiazui Forum, where he joined a panel discussion session at the fourth plenary session themed "Empowering High-standard Financial Opening-up Through Shanghai-Hong Kong Financial Synergy".

     When addressing the collaboration between the two places, Mr Hui highlighted three dimensions: comprehensiveness, long-term nature and synergy. He stated that Hong Kong is a mature, safe and stable international corporate treasury centre for the nation, supported by a common law legal system, regulatory frameworks aligned with international standards, a simple and transparent tax regime, as well as an extensive Comprehensive Avoidance of Double Taxation Agreement network. Furthermore, Hong Kong has a highly professional and open market that ensures the free flow of capital, thus attracting top global banking, accounting, legal, compliance, and risk management service institutions, making it the most mature multinational corporate treasury management platform in the Asia-Pacific region. 

     "Hong Kong is now the world's leading cross-boundary wealth management centre and the largest offshore Renminbi business hub in the world. Just last week, Hong Kong unveiled the Action Plan to Promote the Development of Corporate Treasury Centres in Hong Kong, setting out a series of bold measures to create a favourable environment for multinational corporations by offering more tax benefits, greater tax certainty, and enhanced compliance flexibility so as to facilitate corporations in centralising their fund management, asset allocation and risk management in Hong Kong. Earlier this year, we signed a co-operation agreement with the Shanghai Gold Exchange for the establishment of the Hong Kong gold central clearing system, with a view to jointly building a truly integrated, highly efficient and open gold ecosystem. The move will provide corporations with broader options for investment and risk diversification. With these numerous advantages, Hong Kong truly serves as a safe 'buffer zone' and hub for enterprises planning global expansion. All these perfectly exemplify Hong Kong's advantages in the two dimensions regarding comprehensiveness and long-term nature."

     He also elaborated on "synergy". He said, "In the face of more complex international compliance requirements and a changing geopolitical landscape, it is of more importance for Mainland enterprises to leverage a robust, secure and professional global treasury management system while going global. As two major hubs in the national financial landscape, Shanghai and Hong Kong are respectively anchored in the massive market of the Chinese Mainland and backed by a global capital market network, forming an indispensable 'dual-hub' paradigm for the nation's financial opening up and real economy development that offers highly complementary strengths. This advantage can provide Mainland enterprises going global with a full-chain service of 'domestic co-ordination, global allocation, and manageable risk'."

     Before concluding the four-day visit to Shanghai, Hangzhou, and Suzhou, Mr Hui, together with the delegation, visited the China Taiping Insurance Group this morning and met with its Vice Chairman and General Manager, Mr Li Kedong, and other senior management. The two parties exchanged views on the latest developments in the insurance industry on the Mainland and Hong Kong, as well as the fruitful outcomes brought about by connectivity between the two places.

     Mr Hui departed for Hong Kong this afternoon.
 
Ends/Thursday, June 18, 2026
Issued at HKT 14:45
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The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation arrived in Shanghai and visited Shanghai Pudong Service Center for Overseas Investment yesterday (June 17). Photo shows Mr Hui (right) with Vice Mayor of Pudong New Area Mr Xu Xin (left).
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation arrived in Shanghai and visited the Shanghai Pudong Service Center for Overseas Investment yesterday (June 17). Photo shows Mr Hui (front row, second right); the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung (front row, third left); the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau (front row, third right); the Director-General of the Office for Attracting Strategic Enterprises, Mr Peter Yan (front row, first left), and members of the delegation being given an introduction to the Shanghai Desk.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation arrived in Shanghai and visited the Shanghai Pudong Service Center for Overseas Investment yesterday (June 17). Photo shows members of the delegation exchanging views with representatives of Chinese Mainland enterprises in a seminar and introducing to them Hong Kong's strengths in financial market and legal and other professional services, as well as the various support available while going global via Hong Kong.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation arrived in Shanghai and visited the Shanghai Pudong Service Center for Overseas Investment yesterday (June 17). Photo shows representatives of Chinese Mainland enterprises exchanging views with members of the delegation in a seminar.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation arrived in Shanghai and visited the Shanghai Pudong Service Center for Overseas Investment yesterday (June 17). Photo shows Mr Hui (front row, centre); the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung (front row, sixth left); the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau (front row, fifth right); the Director-General of the Office for Attracting Strategic Enterprises, Mr Peter Yan (front row, first right), and members of the delegation with Vice Mayor of Pudong New Area Mr Xu Xin (front row, sixth right).
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, attended the 2026 Lujiazui Forum in Shanghai today (June 17). Photo shows Mr Hui speaking at the Plenary Session IV - "Empowering High-standard Financial Opening-up Through Shanghai-Hong Kong Financial Synergy", elaborating on the vast area of development in financial co-operation between Shanghai and Hong Kong.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, attended the 2026 Lujiazui Forum in Shanghai yesterday (June 17). Photo shows Mr Hui speaking at the Plenary Session IV - "Empowering High-standard Financial Opening-up Through Shanghai-Hong Kong Financial Synergy", elaborating on the vast area of development in financial co-operation between Shanghai and Hong Kong.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation attended the 2026 Lujiazui Forum in Shanghai yesterday (June 17). Photo shows Mr Hui (front row, centre); the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung (front row, third right); the Director-General of the Office for Attracting Strategic Enterprises, Mr Peter Yan (front row, fourth left); the Executive Director of the Financial Services Development Council, Dr Rocky Tung (front row, third left), and members of the delegation at the Forum venue.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation continued their visit to Shanghai and visited the China Taiping Insurance Group today (June 18). Photo shows Mr Hui (first left) and members of the delegation on a visit to understand the company's overall development and its support to Hong Kong’s development as an international financial centre. With Mr Hui is the China Taiping Insurance Group Vice Chairman and General Manager, Mr Li Kedong (second left).
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation continued their visit to Shanghai and visited the China Taiping Insurance Group (the Group) today (June 18). Photo shows Mr Hui (first left) and members of the delegation exchanging views with the Group's Vice Chairman and General Manager, Mr Li Kedong (second right), and other senior management on the latest developments of the insurance industry in Shanghai and Hong Kong, as well as the fruitful outcomes brought about by connectivity between the two places.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation continued their visit to Shanghai and visited the China Taiping Insurance Group today (June 18). Photo shows Mr Hui (front row, centre) and members of the delegation with the China Taiping Insurance Group Vice Chairman and General Manager, Mr Li Kedong (front row, fifth right), and other senior management.