HK FOSTERS QIANHAI FINANCIAL LINKS

Secretary for Financial Services & the Treasury Christopher Hui today led a Hong Kong financial sector delegation to attend a Shenzhen-Hong Kong liaison event in Shenzhen on promoting the 30 financial support measures for Qianhai.

In February, the central finance and monetary authorities and the People’s Government of Guangdong Province jointly promulgated the Opinion on Providing Financial Support for the Comprehensive Deepening Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, which set out 30 measures on financial reform and innovation, covering financial services relating to people’s livelihood, mutual access between financial markets, development of modern financial services industry, facilitation of cross-boundary trade and financing, and strengthening financial regulatory co-operation.

Organised by the Financial Services & the Treasury Bureau and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality, the liaison event provided a platform for the governments, regulators and financial sectors of the two places to discuss the measures promulgated in the opinion and relevant implementation plans.

It also aimed to explore ways to implement policy measures and strengthen Shenzhen-Hong Kong financial co-operation to jointly promote the high-quality development of the Greater Bay Area, the bureau added.

Today’s programme included promotion of Qianhai’s business environment, introduction of the latest progress of the 30 new measures promulgated in the opinion, sharing by representatives of financial institutions in Shenzhen and Hong Kong on the implementation plans on the opinion, and introduction of the enhancement to the Qianhai Qualified Foreign Limited Partnership pilot scheme.

Mr Hui said: “We hope that through this event, we can have a deeper understanding of the development plan and policy advantages of Qianhai, establish wider communication and co-operation with the government departments, regulatory authorities and financial sector in Shenzhen, promote substantial development in Shenzhen-Hong Kong financial co-operation more effectively, and participate in bay area development more proactively.”

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