Chief Executive John Lee Ka-chiu met with Chairman Peng Chun of China Investment Corporation (CIC) today (19 December) and members of CIC's International Advisory Committee. Mr Lee welcomed CIC's CIC Forum to be held in Hong Kong tomorrow (20 December), pointing out that Hong Kong was chosen as the first city outside the Mainland to hold the CIC Forum and CIC International Advisory Committee Meeting, demonstrating CIC's recognition of Hong Kong's status as an international financial centre.

CIC is a super-large enterprise directly under the State Council, established in 2007, the purpose of establishment is to realize the diversified investment of the country's foreign exchange funds, maximize shareholders' equity within the acceptable risk range, so as to serve the country's macroeconomic development and deepen the reform of the financial system.

Li Jiachao welcomed CIC to host the CIC Forum in Hong Kong. (Photo by Lin Jingyi)

Mr Lee pointed out that CIC's choice of Hong Kong as the first city outside the Mainland to host the CIC Forum and CIC's International Advisory Committee Meeting showed that CIC recognized Hong Kong's status as an international financial centre, and the theme of this CIC Forum was "Cross-border Investment Leads International Industrial Cooperation and Sustainable Development", which also complemented Hong Kong's advantages as an important platform for international investors to allocate assets.

Mr Lee also pointed out that Hong Kong is the only city in the world that brings together global and Chinese advantages, and is the mainland's gateway to the international financial market and investors. The HKSAR Government will continue to make good use of the unique advantages under "one country, two systems" to deepen the connectivity of the capital markets between Hong Kong and the Mainland, facilitate two-way capital flows between the two places, and continue to work closely with the financial regulators and Hong Kong Exchanges and Clearing Limited to develop Hong Kong into a deeper and broader financing platform, thereby enhancing Hong Kong's competitiveness as a leading global financial centre and providing investors with more diversified investment options.

Also present were the Deputy Financial Secretary, Mr Wong Wai-lun, the Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue, and the Secretary for Financial Services and the Treasury of the Department, Mr Chan Ho-lian.

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