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Source: Hong Kong Information Services

Chief Executive Carrie Lam continued her visit to Beijing today by meeting the leaders of the China Securities Regulatory Commission (CSRC), the National Health Commission (NHC) and the National Development & Reform Commission (NDRC).

Mrs Lam met China Securities Regulatory Commission Chairman Yi Huiman this morning.

She said Hong Kong, as an international financial centre with the advantages of a market-oriented economy and the rule of law, will fully support the country’s financial development strategy.

Mrs Lam noted the strengthening collaboration between Mainland and Hong Kong financial regulators in recent years has boosted the connectivity between the capital markets of the two places and reinforced the city’s status as an international financial centre.

She also hoped that the CSRC would continue to support the development of the financial industry in Hong Kong including rolling out more financial products in the city and expanding the coverage of various connect schemes.

The Chief Executive noted that the central government promulgated the Opinion on Providing Financial Support for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area in May this year to introduce various concrete measures on financial development in the bay area.

She said Hong Kong will fully leverage the central government’s support to assume a leading role to boost the efficiency and convenience of financial connectivity in the bay area.

In the afternoon, Mrs Lam met Minister of the National Health Commission Ma Xiaowei.

On behalf of the Hong Kong Special Administrative Region Government, she thanked the NHC for its support for Hong Kong in the fight against the COVID-19 epidemic, in particular its establishment of support teams in a very short period of time to assist the Hong Kong SAR in completing the Universal Community Testing Programme.

The Chief Executive briefed Mr Ma on Hong Kong’s anti-epidemic work including the enhancement of its capability in testing and contact tracing, and the setting up of adequate quarantine and treatment facilities.

Mrs Lam said that although sporadic local cases are still expected in the near future, the epidemic situation in Hong Kong has showed signs of stabilisation in general.

She hoped that cross-boundary flows of people between the Mainland and Hong Kong will resume in a gradual and orderly manner sooner rather than later to meet the needs of residents of the two places and boost economic activities.

The Chief Executive also thanked the NHC for its long-standing support for Hong Kong on the development of Chinese medicine.

In the evening, Mrs Lam met National Development & Reform Commission Chairman He Lifeng.

She thanked the NDRC for its support for Hong Kong’s participation in the Belt & Road Initiative and the bay area development and its co-ordination of the promulgation of opinions and proposals conducive to the bay area development by relevant ministries.

Pointing out that the global economy has been hard hit by the epidemic and presented with unprecedented challenges, she said the economy of the nation, on the other hand, has bounced back rapidly due to its strict measures to control the epidemic and that it is necessary for Hong Kong to integrate better into the overall development of the nation and grasp the opportunities brought about by the development of the bay area to revive economic growth.

Mrs Lam added that she is encouraged by the nation’s 14th Five-Year Plan and Long-Range Objectives Through the Year 2035 promulgated earlier, which clearly support better integration of Hong Kong and Macau into the overall development of the nation and the development of a high-quality bay area.

She said the Hong Kong SAR Government hopes that the central government will further consolidate Hong Kong’s status as an international financial, transportation and trade centre and an international aviation hub, establish an international innovation and technology hub as well as facilitate movement of major production factors in the bay area.

Secretary for Transport & Housing Frank Chan, Secretary for Food & Health Prof Sophia Chan, Secretary for Innovation & Technology Alfred Sit, Secretary for Constitutional & Mainland Affairs Erick Tsang, Secretary for Financial Services & the Treasury Christopher Hui and Director of the Chief Executive’s Office Chan Kwok-ki also joined the meetings.

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