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Hong Kong to keep lobbying Beijing for IPO push, bay area benefits: Paul Chan

Hong Kong to keep lobbying Beijing for IPO push, bay area benefits: Paul Chan
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Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said.

“We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul Chan Mo-po told the Post during a three-day visit to New York, following a trip to Peru for an Asia-Pacific Economic Cooperation (Apec) meeting.

“But in formulating our proposal to central authorities, we need to consider our benefit, as well as the benefit to our counterparts.”

Chan added that Hong Kong was also lobbying Beijing to define areas of autonomy and strengthen the city’s role as an intermediary between the mainland and the rest of the world.

According to the government on Thursday, the minister introduced Hong Kong’s latest economic situation and development strategies during a lunch with about 80 representatives from businesses, institutions, chambers of commerce and think tanks.

Chan also had breakfast with US political and business figures, followed by a round table meeting where he met finance and banking professionals to address their questions.

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