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The Financial Sector Election Committee promotes the development of financial technology Chen Jiaqiang: Serving the residents of the Greater Bay Area

2021-09-13T10:12:31.333Z


The first election committee after the restructuring of the election will be held next Sunday (19th). The 17 elected committees of the financial sector held a discussion meeting with the Financial Services and the Treasury Bureau today (13th). A number of election committees shared their views on the future of Hong Kong


The first election committee after the restructuring of the election will be held next Sunday (19th). The 17 elected committees of the financial sector held a discussion meeting with the Financial Services and the Treasury Bureau today (13th).

Several selection committees shared their views on the future financial development of Hong Kong. Some people suggested further research on financial technology and integration into national development, emphasizing the cultivation of relevant professionals and making good use of the opportunities brought by the Greater Bay Area and cross-border financial management to Hong Kong.


The former Secretary of Financial Services and the Treasury Bureau and Chairman of the Board of WeLab Bank (WeLab Bank) Chen Jiaqiang said that the industry needs to think about how to provide Hong Kong services to the people in the region. The industry is duty-bound.


The 17 elected members of the financial sector and the Financial Services and Treasury Bureau held a seminar today.

(Photo by Zheng Zifeng)

Former Secretary for Financial Services and the Treasury, and Chairman of the Board of WeLab Bank, Chen Jiaqiang, said that he would need to think about how to provide Hong Kong services to the people in the region, emphasizing that their industry is duty-bound.

(Photo by Zheng Zifeng)

Chen Jiaqiang: The goal should be to serve the residents of the Greater Bay Area

Chen Jiaqiang said that under the premise of improving the electoral system, the Election Committee plays an important role and will help Hong Kong move on track.

He mentioned that Huili Bank is a digital bank and hopes to develop financial technology. He also believes that it is necessary to participate in the construction of the Greater Bay Area.

He pointed out that the Greater Bay Area is a great opportunity for Hong Kong as well as a great challenge. For example, integrating into the Greater Bay Area requires thinking about how to provide Hong Kong services to the people in the region, with the goal of serving the residents of the Greater Bay Area, especially in terms of financial technology development. A big market is needed, and the Hong Kong market is too small.

Liao Yijian, Chief Executive Officer of HSBC Asia Pacific, pointed out.

The Greater Bay Area and the 14th Five-Year Plan emphasize the strengthening of Hong Kong's functions as an international financial center and RMB offshore center, and believe that the Greater Bay Area is very important.

(Photo by Zheng Zifeng)

Liao Yijian, Chief Executive Officer of HSBC Asia Pacific, pointed out that Hong Kong has been a bridge between the Mainland and the world for many years. It has a unique position and cannot be easily replaced or weakened.

He mentioned the Greater Bay Area and the "14th Five-Year Plan" plan to strengthen the functions of Hong Kong as an international financial center and RMB offshore center. He believes that the Greater Bay Area is very important. Upgrade, emphasizing that Hong Kong must be at the forefront in the development of green finance.

Shi Yingyin, chief executive of Hang Seng Bank, said that Hong Kong can provide financing and other services for companies in the Greater Bay Area. She also pointed out that the cross-border market access in the Greater Bay Area will enable more products to be produced, with the conditions and ability to provide more renminbi-denominated instruments, and make the renminbi sustainable. Improve again.

Li Minqiao, Co-CEO of The Bank of East Asia.

(Photo by Zheng Zifeng)

The development of green finance is the future direction and attaches great importance to the training of emerging talents

Li Minqiao, Co-CEO of the Bank of East Asia, pointed out that green finance has huge potential for development and hopes to develop low-emission projects such as renewable energy and green buildings. He suggests that the government promote policies to encourage mainland green companies to list in Hong Kong and support professional circles to provide services to these companies. Or come to Hong Kong at a preferential price.

Chen Zhiwen, president of the Asian Financial Group, pointed out that with the tension between China and the United States, many companies need to withdraw from the US market and go to Hong Kong for listing. He emphasized that high standards should be adopted to prevent problematic companies from joining and to ensure investor confidence.

He pointed out that there are many financial professionals in Hong Kong. He believes that the government needs to strengthen the cultivation of talents familiar with the Mainland. It may also consider using funds and scholarships to promote the cultivation of talents in universities related to financial technology and law.

Bank of Communications Deputy Chief Executive Ye Ye Jian pointed out that the external circulation in the 14th Five-Year Plan period is precisely Hong Kong's advantage. Hong Kong's status as an international financial center in the past relied on foreign and Chinese capital. In addition to sharing development dividends, financial institutions must also consider social responsibilities.

(Photo by Zheng Zifeng)

Bank of Communications leaves to advocate government privatization of Octopus

Bank of Communications deputy chief executive Ye Ye Jian pointed out that the "two systems" of "one country, two systems" is the foundation of Hong Kong's financial center, and everyone needs to think about how to make good use of it.

He mentioned that the "outer circle" in the "14th Five-Year Plan" is precisely Hong Kong's advantage. It means that Hong Kong's status as an international financial center in the past relied on foreign and Chinese capital. In addition to sharing development dividends, financial institutions must also think about social responsibilities.

He cited the positive and negative examples of Hong Kong. He mentioned that FPS (Fast Speed) was promoted by the government and completed within one year, which was quite positive. On the contrary, when Octopus was launched in 1997, it was the most advanced payment method in the world. The restrictions on the development of Octopus are slow. The two railways holding Octopus have not thought about how to develop. It is recommended that the government consider privatizing Octopus and combine FPS to form a powerful payment tool.

Deloitte expects the Greater Bay Area to become an important role in the "14th Five-Year Plan" period. Advocating finance will focus on deepening cooperation between China, Hong Kong and Macau. "Finance Link" launches Carrie Lam: Consolidating Hong Kong's status as the country's international financial center. Will be revoked tax exemption Cross-border Finance Link|Personal limit of 1 million RMB Xu Zhengyu: Depending on the situation or further expansion

01News

Source: hk1

All news articles on 2021-09-13

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