What Changed
- Convened the 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation on market connectivity, RMB, gold, futures, and insurance.
- Signed an MOU between the Financial Dispute Resolution Centre of Hong Kong and the Financial Ombudsman Service Shanghai on alternative dispute resolution.
- Engaged with Shanghai enterprises and state-owned assets regulators to support Mainland businesses expanding internationally.
On October 30, 2026, government officials, financial regulators, and market exchange representatives from Hong Kong SAR and Shanghai held the 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation in Shanghai. The meeting was led by Mr Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, and Mr Li Junjie, Director-General of the Shanghai Office for Advancing International Financial Center Development.
During the meeting, representatives reviewed market developments and discussed core topics of mutual interest, including the enhancement of market connectivity, cross-boundary Renminbi (RMB) business, commodities, gold, futures markets, insurance collaboration, and financial talent exchanges. Mr Hui noted that Hong Kong is implementing strategic objectives under the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) and the 2026 Policy Address, emphasizing the shared role of both cities as primary financial engines supporting Mainland enterprises seeking to expand internationally.
A key development at the meeting was the signing of a Memorandum of Understanding (MOU) between the Financial Dispute Resolution Centre of Hong Kong and the Financial Ombudsman Service Shanghai. Witnessed by Mr Hui, the MOU aims to establish and promote an alternative dispute resolution (ADR) framework for financial disputes. The agreement is designed to elevate financial consumer protection and support regional and cross-boundary financial market stability.
Additionally, Mr Hui met with Mr Guo Dayong, Chairman of the Shanghai Gold Exchange, and Mr Zhou Xiaoquan, Director of the Shanghai State-owned Assets Supervision and Administration Commission. He also addressed representatives from approximately 20 Shanghai enterprises at the 2026 Hong Kong-Shanghai Co-operation Exchange Forum and Symposium on Serving Chinese Enterprises in Going Global, organized by the Shanghai Pudong Development Bank. Mrs Angelina Cheung, Permanent Secretary for Financial Services and the Treasury (Financial Services), was also part of the Hong Kong delegation.
Who May Be Affected
Financial institutions, investors, financial consumers, and Mainland enterprises involved in cross-border activities between Hong Kong SAR and Shanghai.
Cross-Border Context
Bilateral financial regulatory cooperation and cross-boundary financial dispute resolution mechanisms between Hong Kong SAR and Shanghai, Mainland China.
What to check next
- Details and operational guidelines of the MOU signed between the Financial Dispute Resolution Centre of Hong Kong and the Financial Ombudsman Service Shanghai.
- Further announcements regarding concrete cross-boundary RMB and commodities market connectivity projects.
This article provides general information and does not constitute legal advice. Consult the official text and obtain advice appropriate to your circumstances where needed.