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Anti-epidemic meeting held

A meeting on the anti-epidemic work of the Mainland and Hong Kong was held today in Shenzhen.   It was hosted by Hong Kong & Macao Affairs Office of the State Council Deputy Director Huang Liuquan.   Chief Secretary John Lee led Hong Kong Special Administrative Region representatives to attend the meeting and exchange strategies with Mainland representatives on preventing and fighting COVID-19 as well as study the resumption of quarantine-free travel between the Mainland and Hong Kong.   Mr Huang noted that the office organised the meeting as the central government attaches great importance to the request by Chief Executive Carrie Lam on the resumption of quarantine-free travel with the Mainland.   Mr Lee thanked the central government for its support and care towards the Hong Kong SAR's efforts in preventing and fighting the virus, and for offering vital assistance on many occasions.   He also expressed gratitude to the office for arranging the meeting within a short

Futures contract approval welcomed

The Hong Kong Special Administrative Region Government welcomed the announcement made by the Securities & Futures Commission today about the approval for Hong Kong Exchanges & Clearing to launch the MSCI China A-share index futures contract in the city.   Chief Executive Carrie Lam thanked the central government for its support during the process.   She noted that with the central government’s support, a number of mutual capital market access schemes were successfully launched over the past years.   Launching the A-shares index futures contract will expand the product scope offering in Hong Kong’s capital markets, strengthen the city’s offshore renminbi businesses and deepen the collaboration between the two capital markets.   This would contribute to the further development of the Mainland’s capital market towards internationalisation, demonstrating that Hong Kong can fully leverage its advantages and integrate into the national development.   Mrs Lam said: “I would like to express deep appreciation to the central government for supporting Hong Kong to reinforce its status as an international financial centre, and will continue to implement the targets laid down in the National 14th Five-Year Plan.”   Financial Secretary Paul Chan thanked regulators of the two places for their efforts in taking forward and implementing the initiative.   He pointed out that the futures contract to be launched by Hong Kong Exchanges & Clearing would be an offshore A-share index futures product formally approved by the Mainland authorities.   It could serve as a useful risk management tool for offshore investors participating in the A-share market while broadening the offering of financial products in Hong Kong at the same time.   Mr Chan said launching the product will further reinforce Hong Kong’s function as a global offshore renminbi business hub, an international asset management centre and a risk management centre as outlined in the National 14th Five-Year Plan.   It would also enhance Hong Kong’s competitiveness as an international financial centre, he added.
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