Source: Hong Kong Government special administrative region
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, arrived in Kuala Lumpur, Malaysia, yesterday (July 21) to continue his visit. He met with the Deputy Minister of Finance of Malaysia, the Deputy Governor of the Bank Negara Malaysia (Central Bank of Malaysia), as well as representatives from the Malaysian finance, banking and gold industries, and family offices to promote the advantages of Hong Kong’s financial and gold market sectors and relevant new initiatives.
Upon his arrival in Kuala Lumpur yesterday afternoon, Mr Hui met with the Deputy Minister of Finance of Malaysia, Mr Liew Chin Tong. They exchanged views on room for further financial co-operation on various fronts ranging from capital formation, Islamic finance to Renminbi (RMB) business and the gold market. Mr Hui highlighted in particular the new measures Hong Kong recently launched to boost the offshore RMB business, such as further enhancing and expanding the Southbound Bond Connect, increasing the size of the Hong Kong Monetary Authority’s RMB Business Facility and promoting the development of a bilateral currency transaction framework between the Indonesian Rupiah and offshore RMB. Also attending were representatives of the Securities Commission Malaysia and Bursa Malaysia Berhad.