Source: Hong Kong Government special administrative region
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, started his visit to Vientiane, Laos, today (July 20) and signed a Memorandum of Understanding (MOU) with the Ministry of Finance of Laos on fostering co-operation in gold market and financial services between the two places.
The MOU was signed by the Deputy Prime Minister and Minister of Finance of Laos, Mr Santiphab Phomvihane, and Mr Hui on behalf of the Ministry of Finance of Laos and the Financial Services and the Treasury Bureau. Aiming to strengthen bilateral co-operation in gold market and financial services industry development, the MOU outlines clear areas of collaboration, including promoting physical gold flows by facilitating access for qualified Lao gold owners to Hong Kong’s accredited refining network, encouraging the wider use of refined gold bars meeting international standards for trading and delivery in Hong Kong, and fostering talent development and fintech collaboration including tokenisation solutions.