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SB holds youth leadership forum

The annual review of the Security Bureau Youth Uniformed Group Leaders Forum was held today, with Acting Chief Executive Chan Kwok-ki giving a speech.   Mr Chan reported that the forum had organised nearly 20 activities over the past year, including courses and training camps run by the bureau’s disciplined services and auxiliary services, and seminars on the country’s Constitution, the Basic Law and the Hong Kong National Security Law. It also organised visits to Beijing, Shaanxi and Greater Bay Area cities, allowing participants to learn more about national affairs and broaden their horizons.   He said he was pleased to note that the bureau plans to strengthen co-operation between the Leaders Forum and Shenzhen University to enhance exchanges between youths in Hong Kong and Shenzhen, deepening their understanding of the development opportunities in the bay area and increasing Hong Kong’s integration into national development.   Noting that members had undergone significant grow
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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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