China’s finance ministry officials meet Hong Kong and global bankers on boosting city’s finance-hub role: sources. Officials from China's Ministry of Finance convened with representatives from Hong Kong's leading banks and international bankers to discuss strategies for enhancing Hong Kong's role as a global financial hub. This meeting follows a similar gathering hosted by the People’s Bank of China in November, signaling Beijing's heightened attention to Hong Kong's financial sector challenges. The discussions focused on expanding the city's "connect schemes" for cross-border trading and enhancing the internationalization of the yuan and aimed at garnering insights on how to increase Hong Kong's financial competitiveness amidst global economic uncertainties and the recent decline in stock market performance.
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Asia Daily: December 14, 2023
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China’s finance ministry officials meet Hong Kong and global bankers on boosting city’s finance-hub role: sources. Officials from China's Ministry of Finance convened with representatives from Hong Kong's leading banks and international bankers to discuss strategies for enhancing Hong Kong's role as a global financial hub. This meeting follows a similar gathering hosted by the People’s Bank of China in November, signaling Beijing's heightened attention to Hong Kong's financial sector challenges. The discussions focused on expanding the city's "connect schemes" for cross-border trading and enhancing the internationalization of the yuan and aimed at garnering insights on how to increase Hong Kong's financial competitiveness amidst global economic uncertainties and the recent decline in stock market performance.