Chief Executive meets China Investment Corporation officials, highlights Hong Kong’s financial status

120

19th September 2023 – (Hong Kong) Chief Executive John Lee held a meeting with China Investment Corporation (CIC) Chairman and CEO Peng Chun, along with members of the International Advisory Council (IAC) of CIC, joined by Deputy Financial Secretary Michael Wong, Hong Kong Monetary Authority Chief Executive Eddie Yue, and Acting Secretary for Financial Services and the Treasury Joseph Chan.

Expressing his warm welcome, Mr Lee commended CIC for choosing Hong Kong as the host city for the upcoming CIC Forum on September 20, along with the first-ever annual meeting of the IAC held outside the Mainland, emphasizing CIC’s recognition of Hong Kong’s stature as an international financial hub. The Forum’s theme, “Promotion of Global Industrial Cooperation and Sustainable Development through Cross-Border Investment,” resonates with Hong Kong’s role as a prime asset allocation platform for international investors.

Highlighting Hong Kong’s unique position as the convergence point of global and China advantages, Mr Lee emphasized that the city serves as the gateway between the Mainland and the world’s financial markets and investors. He pledged the Hong Kong Special Administrative Region Government’s commitment to leveraging the distinctive advantages offered by the “one country, two systems” framework, with a focus on deepening mutual access between Hong Kong and Mainland capital markets to facilitate two-way capital flow. Additionally, the government will collaborate closely with financial regulators and Hong Kong Exchanges and Clearing Limited to enhance the city’s fundraising capabilities, reinforcing its competitiveness as a premier financial centre and broadening investment opportunities for global investors.