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CE starts Chengdu visit

Chief Executive Carrie Lam today held bilateral meetings in Chengdu with the leaders of a number of provinces and a region.   The leaders were in the Sichuan capital to prepare for attending the 2021 Pan-Pearl River Delta (PPRD) Regional Co-operation Chief Executive Joint Conference.   The meetings followed Mrs Lam’s hosting of the High-level Meeting & the Second Plenary Session of the Hong Kong/Sichuan Co-operation Conference with the Sichuan leaders this morning.   The Chief Executive first met Hainan Governor Feng Fei who she was pleased to meet again after the Boao Forum for Asia Annual Conference in April.   Noting that Hainan is developing into a free trade port under the support of the central authorities, Mrs Lam said Hong Kong is willing to share its experience with the province in opening up and she wishes to seize the opportunities brought by the establishment of a free trade port in Hainan.   She thanked the province for agreeing to provide internship opportun

Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$494.5 billion in May from April’s US$490.6 billion, the Monetary Authority announced today.   The reserve assets represent about seven times the currency in circulation or 47% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts in May.
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