FS starts see to Seoul, Korea (with photos/video)
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The Financial Secretary, Mr Paul Chan, showed up in Seoul, Korea, this afternoon (July 8) to start his go to.
After his arrival, he went to the Bank of Korea, the nation’s reserve bank, and met its Governor, Mr Rhee Chang-yong, to exchange views on advancements in financing, trade and financial landscapes of the 2 locations, in the area and around the world, in addition to financial and rates of interest policies and financial investment patterns. Throughout the conference, Mr Chan shared the most recent advancements in Hong Kong, especially the constant capital inflow to Hong Kong’s monetary system, showing worldwide financiers’ self-confidence in Hong Kong in the present worldwide environment. He specified that Hong Kong keeps a totally free and open financial and monetary system and the Linked Exchange Rate System under the “one country, two systems” concept. Hong Kong’s special benefit of being linked to the Mainland and the world, along with its extremely internationalised qualities, is more drawing in more worldwide individuals and capital to take pleasure in chances brought by advancements in China. Hong Kong’s global ties are constantly deepening.
Afterwards, he went to the Korea Investment Corporation (KIC) and consulted with its President and Chief Executive Officer, Mr Park Il-young. The KIC was developed by the Korean federal government in 2005, accountable for handling part of the nation’s forex reserves and other public funds for abroad financial investments. Presently, over US$ 200 billion of properties are under its management. Throughout the conference, both sides had a thorough exchange of viewpoints on numerous problems of shared issue, such as patterns of financial investment markets, property allowance methods and digital property advancements.
Mr Chan shared current advancements in Hong Kong’s financial and monetary markets and its crucial function in linking capital and financiers from China and around the world. He stated that Hong Kong’s capital market is carefully linked to the Mainland’s development and innovation (I&T) community. The current stock exchange is dynamic, with numerous leading Mainland I&T business having actually noted or preparing to list in Hong Kong. To worldwide financiers, Hong Kong works as an extremely efficient entrance to use I&T chances in Greater China. He invited Korean capital to much better utilize the Hong Kong market to assign global financial investments and collectively take the huge organization chances of I&T advancements.
At night, Mr Chan had supper with leaders in Korea’s digital property market, where he shared Hong Kong’s advancements and chances in digital properties. He likewise motivated the regional market to actively take part in the Hong Kong market and collectively check out and broaden more applications and advancements in digital possessions.
Mr Chan will continue his check out to Seoul tomorrow (July 9), consisting of going to a workshop on the capital markets of Hong Kong and Korea, in addition to a company luncheon collectively arranged by the Hong Kong Economic and Trade Office in Tokyo and the Korea Chamber of Commerce and Industry, where he will present Hong Kong’s brand-new benefits and chances to the Korean monetary and company sectors.