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Financial Secretary of HKSAR’s visit to Iran
Financial Secretary of HKSAR, Mr John Tsang, has led a 30-people business delegation to Tehran, Iran from 8 to 11 November 2016. He represented HKSAR to sign the memorandum of understanding with Iranian Minister of Economic Affairs & Finance Ali Tayyeb Nia in Tehran on 8 November. The pact will provide a framework for enhancing co-operation in various fields, such as trade and industry, science, technologies and innovations, telecommunications, tourism and education, between Iran and Hong Kong. At the meeting with Dr Ali Tayyen Nia, Mr Tsang remarked that the Iranian enterprises can make good use of the extensive commercial and trade network and experience of Hong Kong in tapping the China and global markets.
Later he had a meeting with the Minister of Co-operatives, Labour and Social Welfare, Dr Ali Rabiei, and attended a networking session with a group of Iranian companies. Mr Tsang highlighted that the Belt and Road Initiative will be the important driving force of the global economy in the 21st century. Given the complementary strengths of Iran and Hong Kong, both sides can work together in seizing the opportunities arising from the Initiative.
Mr Tsang also called on the Governor of the Central Bank of Iran, Dr Valiollah Seif and updated the latter on the latest development of offshore Renminbi business in Hong Kong. Mr Tsang pointed out that Hong Kong is the international financial centre of China and the largest offshore Renminbi business hub. China has been one of the major trading partners of Iran. Hong Kong can play a major role in providing Iranian companies with Renminbi trade settlement and investment services.
On the last day of his visit, John Tsang attended the Iran-Hong Kong Business Cooperation Forum and spoke of the far-reaching impact of the Belt & Road Initiative in boosting Sino-Iranian trade. He pointed out that Hong Kong is an international financial centre with the essential experience, expertise and connections and it can help fundraising and financial-management for the economies of the Belt & Road region.
Besides, he met Iran-China Chamber of Commerce & Industries President Asadollah Asgaroladi and Iran Chamber of Commerce, Industries, Mines & Agriculture Secretary General Gholamhossein Shafei, Deputy Minister of Roads & Urban Development Asghar Fakhrieh Kashan. He believed that Iran can make use of Hong Kongs strengths in infrastructure financing and project management in promoting infrastructure development.