Budget Speech

Reinforcing our Position as a Financial Centre

68.      Apart from being one of our most competitive industries, the financial services sector can best play a unique role in complementing the development of China. In the current financial crisis, the Mainland has emerged as a prominent economic power. With the emergence of a new economic order, our country will further integrate with the international financial community. Hong Kong can play a more important role in this process. The Chief Executive has already indicated in the Policy Address that we will develop offshore Renminbi (RMB) business and make Hong Kong a global financial centre and asset management centre, attracting capital and talent from within and outside the country. In the process, we will endeavour to meet the overall development needs of our country.

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