Hong Kong and Switzerland Strengthen Financial Ties in Seventh Dialogue

The seventh Hong Kong-Switzerland Financial Dialogue took place in Hong Kong on December 4, 2024, aiming to bolster bilateral cooperation in financial services. This event, co-organized by the Hong Kong Monetary Authority (HKMA) and the State Secretariat for International Finance (SIF) of Switzerland, provided a platform for discussing crucial issues affecting the global financial system, according to the Hong Kong Monetary Authority.

Key Participants and Discussions

Chaired by Mr. Darryl Chan, Deputy Chief Executive of the HKMA, and Ambassador Christoph König, Deputy State Secretary and Head of Planning and Strategy at SIF, the dialogue gathered representatives from the Swiss National Bank, the Swiss Embassy in China, the Consulate General of Switzerland in Hong Kong, and the HKMA. The participants exchanged views on regional and domestic economic outlooks, policy challenges, and explored areas for potential collaboration.

Focus on Sustainable Finance and Fintech

During the discussions, there was a significant emphasis on sustainable finance and Fintech, reflecting both regions’ commitment to advancing these sectors. The dialogue underscored the importance of market connectivity and the need to address emerging challenges within the financial landscape.

Global Financial System Challenges

The meeting also addressed broader issues impacting the global financial system. The discussions aimed to foster a deeper understanding of these challenges and explore strategies for mitigation, reinforcing the strong financial ties between Hong Kong and Switzerland.

This dialogue represents a continued effort by both regions to enhance their financial sectors through collaboration, innovation, and strategic planning.

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