Research and analysis

London-Hong Kong Financial Services Forum 2016 – statement

A statement from the London–Hong Kong Financial Services Forum convened on 6 December 2016 in London.

From:
HM Treasury
Published
7 December 2016

Documents

London-Hong Kong Financial Services Forum 2016 – statement

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Details

The private-sector led London–Hong Kong Financial Services Forum convened on Tuesday 6 December in London. The forum aims to promote cooperation between the two financial centres.

The forum’s closed session was co-chaired by Katharine Braddick (Director General, Financial Services, HM Treasury) and Vincent Lee (Executive Director, External, Hong Kong Monetary Authority), and was attended by senior representatives of the London and Hong Kong offices of thirteen banks.

The forum’s open session brought together over 100 London and Hong Kong-based representatives from corporates, financial institutions, asset management firms and FinTech firms.

Participants reviewed the latest developments in the international RMB market, and discussed ways in which London and Hong Kong should cooperate on the wide-ranging opportunities presented by the gradual opening up of China’s economy. Participants also exchanged views on future collaboration in relation to FinTech, and welcomed the signing (on 7 December) of a FinTech regulatory cooperation agreement between the Financial Conduct Authority and the Hong Kong Monetary Authority.

This document is a statement of the outcomes decided and discussed at the forum.

Published 7 December 2016