Hong Kong and Switzerland strengthen financial collaboration at sixth Financial Dialogue

Deputy Chief Executive of the Hong Kong Monetary Authority Mr Darryl Chan (left) and the Deputy State Secretary and Head of the Policy Planning & Strategy of the State Secretariat for International Finance under the Federal Department of Finance of Switzerland, Mr Christoph König (right), chaired the sixth Hong Kong-Switzerland Financial Dialogue on 25th September 2023.

26th September 2023 – (Hong Kong) The sixth edition of the Hong Kong-Switzerland Financial Dialogue took place in Bern, Switzerland on 25th September, with the aim of enhancing collaboration in financial services between the two regions. The event, co-organised by the Hong Kong Monetary Authority (HKMA) and the State Secretariat for International Finance (SIF) under the Federal Department of Finance of Switzerland, provided a platform for key stakeholders to exchange views on crucial matters concerning the global financial system.

Chaired by Mr. Darryl Chan, Deputy Chief Executive of the HKMA, and Mr. Christoph König, Deputy State Secretary and Head of Policy Planning & Strategy at the SIF, the Dialogue witnessed the participation of representatives from various organisations, including the Swiss Financial Market Supervisory Authority, the Swiss National Bank, the Federal Finance Administration, SIF, and the HKMA. Throughout the meeting, participants engaged in discussions covering regional and domestic economic outlooks, policy challenges, as well as updates and potential collaborations in sustainable finance, Fintech, and market connectivity.

One of the focal points of the Dialogue was sustainable finance, an increasingly important area in the global financial landscape. Both Hong Kong and Switzerland have made significant strides in this domain, and the event provided an opportunity to share experiences and explore avenues for collaboration. The representatives discussed the latest developments, policies, and initiatives aimed at promoting sustainable investments and addressing environmental, social, and governance (ESG) concerns. This exchange of knowledge and ideas will contribute to the further development of sustainable finance practices in both regions.

Fintech, another area of mutual interest, was also a topic of discussion during the Dialogue. Hong Kong and Switzerland are known for their vibrant fintech ecosystems, and the participants took the opportunity to share insights into their respective fintech landscapes. They discussed the latest trends, emerging technologies, regulatory frameworks, and initiatives to promote innovation in financial services. By fostering dialogue and collaboration in the fintech sector, Hong Kong and Switzerland aim to leverage each other’s strengths and enhance their positions as leading fintech hubs.

Market connectivity, a crucial element in facilitating cross-border financial flows, was another key focus of the Dialogue. Participants explored ways to strengthen ties between the financial markets of Hong Kong and Switzerland, fostering greater cooperation and integration. Enhancing market connectivity can lead to increased investment opportunities, improved access to capital, and enhanced financial services for businesses and individuals in both regions. The representatives exchanged views on market developments, regulatory frameworks, and potential measures to deepen collaboration and connectivity.