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Zhao Shitang Meets with Paul Chan Mo-po, Financial Secretary of the Hong Kong SAR Government

Updated: April 26, 2023

Zhao Shitang, Vice Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region Government, on April 18.

Zhao pointed out that Hong Kong is an important partner for central state-owned enterprises (SOEs) in participating in the co-construction of the Belt and Road. SASAC supports central SOEs in investment and development in the region, actively carrying out capital operations via the Hong Kong capital market, and assisting the region with its efforts to consolidate and sharpen its competitive edge for better integration into the overall national development.

Zhao said that in the future, SASAC will continue to promote exchanges between central SOEs and all sectors in Hong Kong, deepen cooperation in the field of technological innovation, support Hong Kong as a functional platform for co-construction of the Belt and Road, and make greater contributions to the region's long-term prosperity and stability.

Chan outlined the economic development of Hong Kong in 2022 and its regional advantages, stating that in the next stage, Hong Kong will focus on developing industries related to technological innovation, promote the role of finance in better serving the real economy, and actively develop Web 3.0.

He said that he hopes to further strengthen cooperation with central SOEs, and attract more central SOEs to set up regional headquarters, financial centers and self-insurance companies in Hong Kong, working together to build a high-quality Belt and Road.

(Executive editor: Hao Wen)