CE eyes stronger ties with AIIB for regional growth

Chief Executive John Lee voiced optimism on Monday regarding potential enhanced cooperation between Hong Kong and the Asian Infrastructure Investment Bank (AIIB). The aim, according to Lee, would be to bolster collaboration in sectors such as transition finance, technology and innovation, and talent development. The primary objective is to jointly propel regional economic growth.

During a meeting at Government House, Lee engaged in discussions with AIIB president Zou Jiayi, exploring avenues for deepening financial cooperation in the region. The AIIB delegation, including Zou, is currently in Hong Kong for the two-day Asia-Pacific Economic Cooperation finance ministers meeting, scheduled to commence on Tuesday.

Lee reaffirmed Hong Kong's unwavering support for the AIIB's mission to aid developing economies in enhancing their infrastructure and fostering sustainable growth. He highlighted Hong Kong's advantageous position to furnish capital allocation assistance for AIIB projects, citing its robust capital market, world-class professional services, and diverse financial products.

Lee expressed delight over AIIB's plan to set up an office in Hong Kong, which would cater to both financing and operational functions. He was convinced that this move would generate more opportunities for the local financial sector while strengthening cooperation and exchanges. Additionally, Lee welcomed AIIB's continued reliance on Hong Kong's international financial hub status and its mature, comprehensive bond market to connect with global investors.