Hong Kong's Financial Services and the Treasury Bureau said Secretary for Financial Services and the Treasury Christopher Hui led a delegation of more than 30 representatives from financial institutions and industry to Hangzhou, as part of an effort to connect Hong Kong financial and professional services with Mainland enterprises seeking financing and overseas expansion. The visit included the signing of a memorandum of understanding with the People's Government of Hangzhou Municipality to promote exchanges, connectivity and innovative development between Hong Kong and Hangzhou in capital markets, fintech, wealth management and insurance. The Hangzhou program centered on how Mainland companies can use Hong Kong's financial market and professional services to go global. At a networking luncheon co-organised with Zhejiang provincial and Hong Kong bodies, speakers addressed establishing corporate treasury centres in Hong Kong, raising international capital, expanding through Hong Kong and Hong Kong tax rules, with attendees from more than 300 enterprises and more than 400 corporate representatives. The delegation also visited Ant Group and Manycore Tech Inc to discuss how those companies could use Hong Kong for further international expansion, including capital financing, foreign exchange management and cross-boundary diversified finance. The broader trip also covers Suzhou and Shanghai, with the stated aim of gaining a clearer view of enterprise needs in the Yangtze River Delta and linking them to Hong Kong services. The delegation is scheduled to visit Suzhou on June 16.

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