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Link DetailsJames Lau visits Sweden
Secretary for Financial Services & the Treasury James Lau has started his visit to Stockholm to strengthen financial ties with Sweden.
They exchanged views on green finance and financial technology (fintech) developments on both sides.
Noting that the Swedish government planned to issue green bonds in 2020 to fund budget expenditure on sustainable investments and projects, Mr Lau shared Hong Kong's experience in issuing government green bonds and looked forward to future collaboration on promoting the development of green finance.
Understanding the wide adoption of fintech applications in Sweden, Mr Lau briefly introduced Hong Kong's work on enhancing fintech application and the customer experience, including the implementation of the Faster Payment System and the upcoming operation of virtual banks.
He highlighted the Government's determination to achieve a peaceful resolution, adding that despite recent disruptions, Hong Kong continues to operate efficiently and remains a safe and welcoming place for people and businesses from around the globe.
Learning that Business Sweden is an organisation commissioned by the Swedish government and the local industry to help the country's firms grow global sales, Mr Lau welcomed Swedish companies to expand their businesses to Hong Kong.
In particular, he shared his views on Hong Kong's vibrant fintech ecosystem and invited Swedish fintech companies to participate in Hong Kong FinTech Week scheduled for November. |