Bloomberg quoted people familiar with the matter that the Chinese Ministry of Finance will convene a meeting with major banks in Hong Kong on Wednesday (December 13) to discuss the status of Hong Kong's international financial center.
It is reported that HSBC, Standard Chartered Bank, and BOC Hong Kong are all invited to participate in the meeting.
People familiar with the matter said that the meeting will mainly discuss how to improve Hong Kong's status as an international financial center, risk challenges, and how to consolidate the status of Hong Kong's international financial center by strengthening cooperation with the mainland.The Ministry of Finance of China has not yet responded to fax seeking comments.
Hong Kong's financial center status is at stake.The Hang Seng Index has fallen from 22,000 points at the beginning of this year to 16,000 points, and the trading activities are almost close to exhaustion. Compared with the five -year average, the average daily turnover of the Hong Kong Stock Exchange has fallen by 14%.The worst year since.
Large banks have layoffs and moved out of Hong Kong, and a large number of brokers have closed down.Data from the Hong Kong Stock Exchange show that after the 49 securities firms closes to the record last year, 30 brokers have closed this year.At the same time, Singapore has become a beneficiary of large amounts of funds, and the scale of the Indian stock market is quickly catching up with the Hong Kong stock market.
Pan Gongsheng, the governor of the People's Bank of China, delivered a speech at a high -level meeting of the Hong Kong Financial Administration -International Clearance Bank last month that the central bank firmly maintains Hong Kong's international financial center status and supports Hong Kong to build a financial technology hub in the Asia -Pacific region.
For some mainland Internet citizens, Hong Kong will soon be reduced to the "International Financial Center Site", and Xiaohongshu has also appeared in the "International Financial Center Site" tourist punch card graphic, Hong Kong Financial Affairs and Treasury Director Xu ZhengyuOn December 1st, it was strongly refuted that the financial market in Hong Kong was stable and full of toughness. Even in the face of macro factors such as unknown global economic prospects, many businesses still increased, and the relevant explanations were "unbearable."
