SFST leads delegation to visit Hangzhou
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, led a 30-plus-strong delegation of representatives from financial institutions and industry leaders to visit Hangzhou today (June 15).
In the morning, Mr Hui and the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung, met with the Director of the Hong Kong and Macao Affairs Office of the People's Government of Zhejiang Province, Mr Gu Jianxin, and the Deputy Director-General of the Department of Commerce of Zhejiang Province, Mr Shi Qiqi, to brief them on the purpose of bringing the delegation to Hangzhou. Mr Hui expressed his anticipation of strengthening connections between Hangzhou enterprises and Hong Kong financial professionals, thereby deepening mutual understanding and jointly capturing the global market opportunities.
Mr Hui and Mrs Cheung then joined the delegation for a networking luncheon themed "Hong Kong financial sector empowering Mainland enterprises to go global" and co-organised by the Hong Kong Economic and Trade Office in Shanghai, Invest Hong Kong, the Department of Commerce of Zhejiang Province and the Hong Kong and Macao Affairs Office of the People's Government of Zhejiang Province. The luncheon focused on discussions about how Mainland enterprises can leverage Hong Kong's financial advantages for securing financing and going global. Speakers shared insights with attendees from over 300 enterprises on topics such as establishing corporate treasury centres in Hong Kong, raising international capital, expanding businesses to global markets through Hong Kong, and Hong Kong's tax rules. The luncheon attracted over 400 corporate representatives to attend.
In his keynote speech at the luncheon, Mr Hui stated that the global economic and trade landscape, industrial division of labour, and capital flows are all undergoing profound restructuring. Mainland enterprises going global together is now an inevitable trend but at the same time presents a wealth of opportunities. He expressed the hope that this visit to Hangzhou, joined by industry leaders of the Hong Kong financial profession, will integrate the financial edge of Hong Kong with Hangzhou's digital technologies, bringing a synergy effect to achieve mutual empowerment and support Hangzhou enterprises in their journey to explore international markets.
He said, "As a powerhouse of the private and digital economies, Zhejiang Province stands as a premier hub for advanced manufacturing. Hangzhou is in particular the cradle of innovation for the digital economy, nurturing a vast cluster of vibrant, highly innovative premium enterprises with a strong ambition to expand globally. Hong Kong's core strengths lie in international finance, cross-boundary investment and financing services, world-class professional services, and alignment with international standards. All these attributes perfectly match the critical demands of Zhejiang enterprises seeking global expansion. With the high complementarity of resources and industrial synergy between Zhejiang and Hong Kong, it is indeed an impeccable integration of the real economy and international finance."
He added that by leading a financial delegation with over 30 industry leaders to Hangzhou, Suzhou and Shanghai at a time that marks the beginning of the National 15th Five-Year Plan, he is in the hope of supporting the strategic development of the Yangtze River Delta (YRD)'s core economy with Hong Kong's robust financial foundations. The delegation, which comprises industry leaders from Hong Kong's finance, insurance, accounting, and technology sectors, will gain precise insights into the needs of enterprises through visiting these three cities. This will in turn help connect Hong Kong's top-tier world-class services with premium enterprises in the YRD, thereby making greater contributions to the high-quality development of the region in the future.
At the networking luncheon, Mr Hui also witnessed the signing of a Memorandum of Understanding (MOU) between the Financial Services and the Treasury Bureau and the People's Government of Hangzhou Municipality. The MOU aims to promote exchanges, connectivity and innovative development between Hong Kong and Hangzhou Municipality in areas such as capital markets, fintech, wealth management and insurance, with a view to achieving mutual benefit and win-win outcomes for the industries.
In the afternoon, the delegation visited the Ant Group Headquarters, where they were received by the Chairman of the Ant Group, Mr Eric Jing, and were given an introduction to the group's global development strategy. The two parties discussed how the Group could utilise Hong Kong's financial market to go further.
The delegation then proceeded to visit Manycore Tech Inc, where they met with its Executive Director and Chief Financial Officer, Mr Shen Bei. The two parties had a discussion on how the company, following its listing in Hong Kong, can strategically leverage the city's advantages in capital financing, foreign exchange management and cross-boundary diversified finance as an international financial centre to further expand its global footprint.
The delegation also visited the Institute of Global Development, Zhejiang University. The Institute was established this March, with an aim to provide training for mid-to-senior level personnel from governments and corporations worldwide to advance and deepen the implementation of global development initiatives.
Mr Hui and the delegation will visit Suzhou tomorrow (June 16).
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
SFST leads delegation to visit Hangzhou Source: HKSAR Government Press Releases
