SFST Leads Financial Regulators for Meeting with Shanghai Counterparts to Strengthen Financial Cooperation

SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation

The 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation was held in Shanghai today (October 30). Representatives from government departments, financial regulators and exchanges of the two places discussed ways to strengthen financial co-operation between Hong Kong and Shanghai.

The Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, Mr Christopher Hui, and the Director-General of the Shanghai Office for Advancing International Financial Center Development, Mr Li Junjie, introduced the market overview and the latest developments of the financial services sectors of the two places respectively at the meeting. Representatives of both sides discussed issues of mutual concern, including strengthening co-operation and connectivity between the two financial markets; enhancing business co-operation in cross-boundary Renminbi business, commodities, gold and futures markets, as well as insurance; and deepening talent exchanges.

Mr Hui said, "Since its establishment, the Hong Kong-Shanghai financial co-operation mechanism has been an important platform for the two places to deepen exchanges and seek mutual development. It is a milestone of profound significance as we convened the 10th working meeting this year. Against the backdrop of the country's accelerated establishment of a new development paradigm, Hong Kong is proactively implementing the key strategies set out in the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) and the 2026 Policy Address. Both Hong Kong and Shanghai are core financial engines of the country. Today's meeting has mapped out a clear roadmap for the financial development of the two places. I am confident that Hong Kong and Shanghai will continue to complement each other's strengths with a view to enhancing co-operation and connectivity between our financial markets, and rendering all-round support to Mainland enterprises in 'going global'."

Mr Li said at the meeting that Shanghai and Hong Kong are two "locomotives" in the country's building of a financial powerhouse. Under the new landscape, the two places should leverage their respective strengths while creating greater synergy. In recent years, the mutual market access mechanism between the financial markets of Shanghai and Hong Kong has been further enhanced, the complementary effects of the offshore financial strategies of the two places have become more prominent, and the connotation of co-building a financial product and service system has been further expanded. Taking this meeting as an opportunity, Shanghai and Hong Kong will translate the consensus reached at the meeting into concrete co-operation projects, elevating the synergistic financial development of the two places to a new level.

Mr Hui also witnessed the signing of a Memorandum of Understanding (MOU) between the Financial Dispute Resolution Centre of Hong Kong and the Financial Ombudsman Service Shanghai. The MOU aims to promote an alternative dispute resolution mechanism for financial disputes, thereby elevating the level of protection for financial consumers and facilitating the robust development of regional and cross-boundary financial markets.

Upon his arrival in Shanghai yesterday (October 29), Mr Hui met with the new Chairman of the Shanghai Gold Exchange, Mr Guo Dayong. He also had a short meeting with the Director of the Shanghai State-owned Assets Supervision and Administration Commission, Mr Zhou Xiaoquan.

Furthermore, he attended and delivered a speech at the "Hong Kong-Shanghai Connection, Assisting Enterprises to Navigate the World - 2026 Hong Kong-Shanghai Co-operation Exchange Forum and Symposium on Serving Chinese Enterprises in Going Global" hosted by the Shanghai Pudong Development Bank, where he engaged in detailed exchanges with representatives of about 20 Shanghai enterprises.

The Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung, also joined the visit. Mr Hui returned to Hong Kong this afternoon.

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, attended the "Hong Kong-Shanghai Connection, Assisting Enterprises to Navigate the World - 2026 Hong Kong-Shanghai Co-operation Exchange Forum and Symposium on Serving Chinese Enterprises in Going Global" hosted by the Shanghai Pudong Development Bank in Shanghai yesterday (October 29). Photo shows (from front row) Mr Hui (fourth left); the Director of the Shanghai State-owned Assets Supervision and Administration Commission, Mr Zhou Xiaoquan (fifth left); the President of the Shanghai Pudong Development Bank, Mr Xie Wei (sixth left); the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung (second left); the Director of the Hong Kong Economic and Trade Office in Shanghai, Ms Veronica Wong (first right); the Chief Executive Officer of the Hong Kong Precious Metals Central Clearing Company Limited, Mr Bryan Chan (first left), and other attendees. Source: HKSAR Government Press Releases

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, attended the "Hong Kong-Shanghai Connection, Assisting Enterprises to Navigate the World - 2026 Hong Kong-Shanghai Co-operation Exchange Forum and Symposium on Serving Chinese Enterprises in Going Global" hosted by the Shanghai Pudong Development Bank in Shanghai yesterday (October 29). While addressing the seminar, he said he anticipated that the seminar would foster more practical alignment in Shanghai-Hong Kong co-operation, thereby yielding more fruitful outcomes in areas such as Mainland enterprises' global strategies, cross-border capital management, market connectivity, and risk management. Source: HKSAR Government Press Releases

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Director-General of the Shanghai Office for Advancing International Financial Center Development, Mr Li Junjie, held the 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation in Shanghai today (October 30). Photo shows Mr Hui (back row, left), together with Mr Li (back row, right), witnessing the signing of a Memorandum of Understanding by the Director of the Financial Dispute Resolution Centre of Hong Kong, Mr Tom Chan (front row, left), and the Director of the Financial Ombudsman Service Shanghai, Mr Lu Xiang (front row, right). Source: HKSAR Government Press Releases

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Director-General of the Shanghai Office for Advancing International Financial Center Development, Mr Li Junjie, held the 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation in Shanghai today (October 30). Photo shows (from front row) Mr Hui (sixth left); Mr Li (seventh left); the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung (eighth left), and the Director of the Hong Kong Economic and Trade Office in Shanghai, Ms Veronica Wong (fourth left); with representatives of government bodies, financial regulators and exchanges of the two places before the meeting. Source: HKSAR Government Press Releases

The 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation was held in Shanghai today (October 30). Photo shows the Secretary for Financial Services and the Treasury, Mr Christopher Hui (second right), introducing the market overview and latest developments of financial services industry in Hong Kong at the meeting. Looking on are the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung (second left); and the Director of the Hong Kong Economic and Trade Office in Shanghai, Ms Veronica Wong (first left). Source: HKSAR Government Press Releases

The Secretary for Financial Services and the Treasury, Mr Christopher Hui (fourth left), and the Director-General of the Shanghai Office for Advancing International Financial Center Development, Mr Li Junjie (fifth right), held the 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation in Shanghai today (October 30). Source: HKSAR Government Press Releases

New yearbook "Hong Kong 2025" goes on sale

The Government's latest yearbook, "Hong Kong 2025", went on sale today (October 30). The online version is available for free at www.yearbook.gov.hk.

The publication provides readers with an overview of life in Hong Kong in the year 2025, covering the administration, legislature, legal system and economy, detailing the policies and achievements of the Government as well as the developments of Hong Kong.

The cover illustration depicts the largest sports infrastructure project ever commissioned in Hong Kong, the Kai Tak Sports Park, which opened in 2025, providing world-class and multipurpose sports and recreation facilities. During the year, the sports park hosted numerous mega events and welcomed more than 7 million visitors.

The sports park also features in "Home of Mega Events", one of the yearbook's 10 photo sections, which combined include more than 130 photos. Other sections celebrate Hong Kong for the first time in its history being a co-host of the 15th National Games and the 12th National Games for Persons with Disabilities and 9th National Special Olympic Games in 2025, along with the Guangdong and Macao authorities; showcases of the old and new with advanced technology in "New Productivity" and important traditions in "Intangible Cultural Heritage"; the citywide improvements made and harmonious communities fostered under improved "District Governance"; and the city's attractions to visitors in "Tourism is Everywhere".

"Hong Kong 2025", priced at $440, is available at the online Government Bookstore at www.bookstore.gov.hk and the Information Services Department's Publications Sales Unit at Room 626, 6/F, North Point Government Offices, 333 Java Road, North Point. Orders can also be placed by:

• calling the Publications Sales Unit on 2537 1910;
• filling in an order form from the department's website at www.isd.gov.hk and submitting it online or by fax to 2523 7195; or
• emailing puborder@isd.gov.hk.

New yearbook "Hong Kong 2025" goes on sale Source: HKSAR Government Press Releases