The newly-established CCG Hong Kong Council held its first event in 2018 on Jan. 10, discussing the potential opportunities for Chinese security industry to expand abroad.
The event gathered a dozen of financial and securities industry leaders from China’s mainland and Hong Kong, including Sun Xiangyi, Minister of Economy of the Liaison Office of the Central People’s Government in Hong Kong; Zhang Yichen, Chairman of CCG Hong Kong Council and CITIC Capital President & CEO, and Chen Shuang, founding CEO of China Everbright Bank Company, to exchange their views and opinion regarding securities globalization.
A number of policy advice has been proposed to the central government and Hong Kong authorities on how to strengthen the role of securities industry in Hong Kong financial risk management and financial market system in the new era. The attendees also recommended the measures to enhance the communications between security industry and supervision authorities in an effort to improve Hong Kong’s competitiveness as China’s international financial center.
In addition, the event also discussed the issues including the development Chinese financial institutions in Hong Kong and Chinese companies’ M&A activities abroad. The attendees believe that the Chinese companies based in Hong Kong are benefited from the State Council’s policy measures on promoting foreign investment and will maintain the strong growing momentum. However, there is still room for Chinese companies to improve the quality of their overseas M&A investment. They can learn from foreign companies to accelerate their own corporate culture development and management reform.
CCG Hong Kong Council, which was established in November last year thanks to the support of many local organizations, companies, and academic institutions. It is committed to provide recommendation to help SAR authorities and central government make sound policies and to contribute Hong Kong’s best practice and experience in global governance on regional integration. Leveraging Hong Kong’s capabilities of integrating the strength of both West and East, the Council aims to find the ways to improve Hong Kong’s international competitiveness and make it a hub of global innovation and talent cultivation.