To enhance the communication and cooperation between banking sectors in Hong Kong and Mainland China, 29 delegates led by Mr. Norman CHAN Tak-lam, Chief Executive of Hong Kong Monetary Authority and Anita Fung, Chairman of Hong Kong Association of Banks visited Shanghai on  December 12th. Accompanied by SBA Executive Vice Chairman Chen Zihao, Vice Chairman Chang Wai Yan, Raymond , Secretary General Ning Ruijie, the delegates visited Shanghai Municipal People’s Government, People’s Bank of China Shanghai Office and China Banking Regulatory Commission Shanghai Office.

Mr. Tu Guangshao, Vice Mayor of Shanghai Municipal People’s Government, Mr. Zhang Xin, Deputy Director of People’s Bank of China Shanghai Head Office, Mr. Liao Min, Director General of China Banking Regulatory Commission Shanghai Office, respectively met the delegates and exchanged ideas with them on the cooperation between Shanghai and Hong Kong banking sectors as well as on other common concerns. During the meeting, Vice Mayor Tu expressed hopes for further financial cooperation between the two sides in pursuit of common prosperity and also pointed out the necessity for Shanghai to learn from Hong Kong in how to enhance its “soft power”, such as creating a better legal and credit environment, so as to quicken its steps towards becoming an international financial center.