Hong
Kong
SAR’s
Chief
Executive
Mr
John
Lee
and
representatives
from
around
the
globe
attend
the
Asian
Financial
Forum.
In
his
opening
remarks,
Hong
Kong
Special
Administrative
Region
(SAR)’s
Chief
Executive,
John
Lee,
highlighted
the
city’s
status
as
an
international
financial
centre.
“Thanks
to
‘one
country,
two
systems’,
we
enjoy
the
strong
support
of
our
country
China,
while
developing
ever-expanding
global
ties,
making
Hong
Kong
the
world’s
foremost
‘super
connector’
and
‘super
value-adder’.
Our
established
common
law
regime
dovetails
with
the
legal
system
of
many
major
global
financial
hubs.
Our
professionals
are
proficient
in
both
Chinese
and
English,
and
well-versed
with
the
business
practice
of
both
China
and
the
rest
of
the
world,”
he
said.
The Governor of the People’s Bank of China (PBOC), Pan Gongsheng, said that, with strong support of the Central Government and the leadership of the HKSAR Government, Hong Kong has been actively enhancing its traditional advantages and grasping the new development opportunities, which has continuously stimulated great creativity and vitality, consolidating and bolstering its status as an international financial centre.
To fully support Hong Kong’s development as an international financial centre, Mr Pan said the PBOC would focus on four key directions: first, to support the development of Hong Kong’s capital market and continuously deepen the mutual access between the financial markets of the two places; second, to expand and strengthen Hong Kong’s position as an offshore Renminbi business hub; third, to enhance Hong Kong’s functions as an international asset and wealth management centre; and fourth, to resolutely safeguard Hong Kong’s financial stability and security.
During the first Keynote Luncheon, Financial Secretary Paul Chan underlined the city’s competitive edge, including a full range of funding options catering to the divergent needs of governments and enterprises at different development stages to fund their projects and scale up; and the innovative financial strategies to enhance product offerings such as securitisation of infrastructure loans and catastrophe bonds.
Former Chief Economist and Senior Vice President of the World Bank, Professor Justin Yifu Lin delivered the main Keynote Luncheon speech, sharing insights on the shifting global economic landscape, its impact on the international markets, and China’s current trajectory and its evolving role in the world.
Distinguished
speakers
from
Pakistan,
Kyrgyz
Republic,
Luxembourg
and
Organisation
for
Economic
Co-operation
and
Development
participate
in
a
plenary
session
themed
“Innovation:
The
Solution
to
Unlock
the
Next
Growth
Engines”.
The
debut
GCC
Chapter
(January
14)
was
hailed
as
a
significant
milestone
in
financial
services
collaboration
between
Hong
Kong
and
the
GCC
countries.
Secretary
for
Financial
Services
and
the
Treasury,
Christopher
Hui,
identified
green
finance,
securities
market,
Islamic
finance
and
asset
and
wealth
management
as
areas
with
enormous
potential
for
bilateral
co-operation.
Secretary
General
of
the
Cooperation
Council
for
the
Arab
States
of
the
Gulf,
Jasem
Mohamed
Albudaiwi,
emphasised
the
GCC’s
aspiration
to
enhance
dialogue
and
co-operation
to
achieve
mutual
prosperity.
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