The State Secretariat for International Financial Matters (SIF) under the Swiss Federal Department of Finance and the Hong Kong Monetary Authority (HKMA) launched on 19 September 2017 in Berne a financial dialogue to promote cooperation on financial market issues of common interest. At the margin of the Dialogue, the Swiss Bankers Association (SBA) and the HKMA facilitated an open seminar for the private sector.

The financial dialogue between the HKMA and Swiss authorities aims to enhance official exchanges between Hong Kong and Switzerland on policy issues of mutual interest, especially those relating to financial services developments at bilateral and multilateral level. The two sides also exchanged views on current policy development and areas of future collaboration at bilateral and multilateral level, such as RMB internationalisation, wealth management and Fintech.

The meeting was chaired by Ambassador René Weber, Head of the Markets Division at SIF, and Mr. Vincent Lee, Executive Director of the HKMA, with representatives from the Swiss Financial Market Supervisory Authority (FINMA), the Swiss National Bank, SIF and the HKMA attending.

Preceding the financial dialogue, an open seminar for the private sector was hosted by the SBA to exchange views on the latest financial trends and developments in Switzerland and Hong Kong including RMB internationalisation, private banking as well as Fintech, and to explore further collaboration.

Featured image via pixabay