PRESS RELEASE

The Secretary for Financial Services and the Treasury, Mr Christopher Hui (right), and the Minister of Finance and Co-ordinating Minister for the Economy of Nigeria, Mr Taiwo Oyedele (left), have an online bilateral meeting today (July 13). Mr Hui highlights to Mr Oyedele the latest developments of Hong Kong as an international financial centre, including its top-tier global positions in areas such as cross-boundary wealth management, global competitiveness and tax policy. He also indicates that with a view to developing Hong Kong into a global gold trading, clearing, and reserve hub, the Government recently commenced the trial operation of Hong Kong's new central clearing and settlement system for gold, together with a suite of targeted initiatives aiming to build a modern and full-chain gold trading ecosystem.