Shanghai Municipal Office of Finance Service Held Introductory Meeting of Off-shore Financial Products
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Upon the invitation of Shanghai Municipal Office of Finance Service and Hong Kong Monetary Authority, several banking experts from Hong Kong gave an introduction on off-shore financial products and services in Shanghai, and over 200 representatives from Shanghai’s financial institutions and enterprises seeking investment and financing in Hong Kong attended the introductory meeting.
Off-shore business experts from Bank of China (Hong Kong), HSBC, and Standard Chartered Bank (Hong Kong) respectively introduced the financial products and services involving off-shore RMB interest rate market, bond market, foreign exchange market, risk hedging, cross-border RMB settlement, and RMB credit, and then they communicated with the representatives of Shanghai financial institutions and enterprises.
The construction of Shanghai International Financial Center and China (Shanghai) Pilot Free Trade Zone breeds a wide range of financial cooperation opportunities for Shanghai and Hong Kong. Shanghai Municipal Office of Finance Service and Hong Kong Monetary Authority will strengthen the information communication and business cooperation among its financial institutions, enabling the financial industry on both sides to embrace close interaction and mutual benefit.