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FS attends Second Annual Meeting of Board of Governors of AIIB in Jeju

Posted in: Press Releases

June 16, 2017


The Financial Secretary, Mr Paul Chan, today (June 16) attended the Second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Jeju, Korea, and met with financial officials of other members joining the Meeting.
 
This is the first time that Hong Kong has participated in the AIIB’s Board of Governors meeting as an AIIB member.
 
Mr Chan started the day with a meeting with the Minister of Finance, Mr Xiao Jie.  Also joining the meeting was the Chinese Ambassador to the Republic of Korea, Mr Qiu Guohong.  Mr Chan thanked the Central People's Government for its support to Hong Kong in joining the AIIB. He also thanked the Ambassador for his assistance in the preparation of opening a Hong Kong Economic and Trade Office in Seoul. He said that Hong Kong, being an international financial centre in Asia, can play an active role in the financing and management of AIIB projects and serve as the key infrastructure financing hub in the region. 
 
In the afternoon, Mr Chan took part in the opening ceremony and business session of the Annual Meeting. He then met with the Minister for Small Business of Australia, Mr Michael McCormack, who is representing Australia to attend the Meeting. Both sides exchanged views on the global economic outlook and agreed to further enhance collaboration. 
 
Tomorrow (June 17), Mr Chan will be meeting with the AIIB President, Mr Jin Liqun. He will also deliver a speech at the Governor’s Seminar on financing infrastructure in Asia, and share with the attendees Hong Kong’s advantages and experience. 
 
Mr Chan will also have separate meetings with First Vice Minister of Strategy and Finance of Korea,Mr Ko Hyoung-kwon, as well as the delegation of Saudi Arabia, to explore how Hong Kong could strengthen trade and economic ties with these two places.
 
He will return to Hong Kong tomorrow night.
 
The AIIB is a multilateral development bank set up with a mission to foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia by investing in infrastructure and other productive sectors. It also aims at encouraging private investment in projects, enterprises and activities contributing to economic development in the region.

 

The Financial Secretary, Mr Paul Chan, today (June 16) attends the Second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in Jeju, Korea.

The Financial Secretary, Mr Paul Chan, today (June 16) attends the Second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in Jeju, Korea. Photo shows Mr Chan (right) meeting with the Minister for Small Business of Australia, Mr Michael McCormack, who is representing Australia to attend the Meeting.

The Financial Secretary, Mr Paul Chan, today (June 16) attends the Second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in Jeju, Korea. Photo shows Mr Chan (third left) and the Under Secretary for Financial Services and the Treasury, Mr James Lau (second left), meeting with the Minister of Finance, Mr Xiao Jie (second right), and the Chinese Ambassador to the Republic of Korea, Mr Qiu Guohong (first right).

Chinese version on next page.

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