The following is issued on behalf of the Financial Services Development Council:

     The Financial Services Development Council (FSDC) welcomed the Government's plan to continue providing the FSDC with the necessary resources and fully supporting its work, as stated in the 2017 Policy Address.

     According to the 2017 Policy Address, the Government will actively consider the recommendations on taxation, laws and regulations, nurturing talent and more as set out in the 26 reports published by the FSDC over the past four years, and implement the feasible measures.

     The Chairman of the FSDC, Mrs Laura M Cha, today (January 18) said, "The FSDC is immensely grateful for the continuous support by the Chief Executive and the Government. In addition to helping the Government to map out the strategic direction for the development of Hong Kong as an international financial centre, members of the FSDC will strive to collaborate with the Hong Kong Trade Development Council and the industry to strengthen the promotion of the financial services industry outside Hong Kong."

About the FSDC

     The Hong Kong Special Administrative Region Government established the FSDC in 2013 as a high-level, cross-sectoral advisory body to engage the industry in formulating proposals to promote the further development of Hong Kong's financial services industry and to map out the strategic direction for development.

     The FSDC set up five committees, namely the Policy Research Committee, the Mainland Opportunities Committee, the New Business Committee, the Market Development Committee and the Human Capital Committee, as the five streams of its work.

Ends/Wednesday, January 18, 2017
Issued at HKT 19:48

NNNN