FS begins visit to Bangkok, Thailand (with photos/video)
The Financial Secretary, Mr Paul Chan, arrived in Bangkok, Thailand, today (October 15) to begin his visit, attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group and related events as a member of the Chinese delegation. Mr Chan attended a high-level roundtable co-organised by the IMF and the Hong Kong Monetary Authority (HKMA) to explore how economies in the Middle East and Central Asia can better benefit from the vast opportunities offered by Hong Kong's investment and financing markets. Heads of finance ministries and central banks from a number of countries in these regions took part. In his keynote speech, Mr Chan said that the increasingly close financial ties between Hong Kong and the Middle East and Central Asia help investors diversify their investments and enable enterprises to better raise capital for business development and manage risks. As these economies continue to develop and diversify, Hong Kong can support their growth in three areas: mobilising long-term capital, broadening currency options, and managing and sharing risks. On mobilising long-term capital, Mr Chan pointed out that Hong Kong's common law system under "one
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