The Hong Kong-Shanghai Stock Connect had connected the two stock markets and turned a new chapter in the mutual access between the two, Secretary for Financial Services & the Treasury Prof KC Chan said at the fifth Working Meeting of Hong Kong-Shanghai Financial Co-operation in Shanghai today.
Both sides will review Stock Connect’s operation and transactions, and consolidate market feedback to enhance the scheme, Prof Chan said.
He and Shanghai Municipal Government Financial Services Office Director-General Zheng Yang gave accounts of the latest financial developments in Hong Kong and Shanghai, and representatives of the two places discussed ways to strengthen co-operation in cross-border renminbi business, securities, futures and insurance industries; as well as initiatives to enhance the training and exchange of financial talent.
Both sides also explored ways to enhance co-operation between the China (Shanghai) Pilot Free Trade Zone and Hong Kong in cross-border renminbi business to facilitate the circulation and use of renminbi between the two places.
Both sides agreed to encourage Shanghai's financial institutions to conduct investment and financing activities via the Hong Kong platform, and to seek to allow more Hong Kong securities companies to carry out business in Shanghai.
Both sides will also reinforce co-operation in cross-border reinsurance business.
They also agreed to continue to organise cross-border study tours for talented post-secondary financial graduates to encourage talent exchange and collaboration.
