Hong Kong's Financial Services and the Treasury Bureau reported on discussions to strengthen financial market connectivity and business cooperation at the 10th working meeting on financial cooperation between Hong Kong and Shanghai. Hong Kong's Financial Dispute Resolution Centre and the Financial Ombudsman Service Shanghai also signed a memorandum of understanding aimed at improving financial consumer protection. The talks covered cooperation in cross-boundary renminbi business and commodities, gold and futures markets. Insurance cooperation and talent exchanges were also discussed. The memorandum seeks to promote alternative dispute resolution for financial disputes and support the development of regional and cross-boundary financial markets.
Hong Kong's Financial Services and the Treasury Bureau discusses market connectivity with Shanghai as dispute resolution bodies sign agreement
Hong Kong's Financial Services and the Treasury Bureau reported on talks with Shanghai covering market connectivity, cross-boundary renminbi business and cooperation in commodities, gold, futures and insurance. The two cities' financial dispute resolution bodies also signed a memorandum to promote alternative dispute resolution and improve financial consumer protection.