Finance sector briefs Xia Baolong

February 26, 2024

Secretary for Financial Services & the Treasury Christopher Hui: 

In our seminar with the relevant stakeholders in our financial service sector, we highlighted what we have done so far in terms of our financial market development across three areas.

Number one is about our traditional core areas in terms of (the) bond market, stock market, etc.

And the other area (was) about our connectivity with the Mainland, in particular the various Stock Connect programmes, because today actually marks the first day of the enhanced measures for our (Cross-boundary) Wealth Management Connect (Pilot Scheme).

So it is also the time, and also timely, for us to brief him (CPC Central Committee Hong Kong & Macao Work Office and State Council Hong Kong & Macao Affairs Office Director Xia Baolong) on the overall arrangements in terms of these latest developments.

And the third aspect is regarding new finance areas like green and sustainable finance, and also at the same time, fintech.

(To watch the full media session with sign language interpretation, click here.)

Secretary for Financial Services & the Treasury Christopher Hui today said the Hong Kong financial services sector gave CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong a timely update on the city’s latest market developments.

On the fifth day of his inspection visit, Mr Xia met the Hong Kong financial services sector and its regulators.

Mr Xia was briefed on three major areas, including traditional core areas like the bond market and the stock market; Hong Kong’s connectivity with the Mainland via various Stock Connect programmes; and new finance areas such as fintech and green and sustainable finance.

Mr Hui said: “Today actually marks the first day of the enhanced measures for our Cross-boundary Wealth Management Connect Pilot Scheme.

“So it is also the time, and also timely, for us to brief him on the overall arrangements in terms of these latest developments.”