Financial Secretary Henry Tang will leave for Beijing next Tuesday to meet delegates from the People's Bank of China.

During his visit, Mr Tang will discuss with the central bank the newly approved expansion of renminbi business in Hong Kong, and follow up issues raised after the Chief Executive's duty visit to the capital.

He will also attend the signing ceremony of a supplementary memorandum of co-operation between the bank and the Monetary Authority.

Monetary Authority Chief Executive Joseph Yam and Permanent Secretary for Financial Services & the Treasury (Financial Services) Kevin Ho will accompany him.

Mr Tang is scheduled to return on January 17. Secretary for Economic Development & Labour Stephen Ip will act as Financial Secretary while he is away.