Xu Zhengyu: Hong Kong can help Suzhou enterprises expand their international business and deepen the connection of capital markets.

On September 9th, the Suzhou (Hong Kong) Financial Cooperation and Exchange Conference was held in Hong Kong, and the two cities signed the "Hong Kong-Suzhou Financial Coordination and Development Action Plan." The Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated in his speech at the event that Hong Kong, as a "super connector" and "super enhancer," can leverage its advantages as an international financial center to strengthen financial cooperation between Hong Kong and Suzhou, achieving mutual benefit and win-win outcomes. Feasible areas of cooperation include: assisting Suzhou enterprises in expanding international business, deepening capital market connectivity, supporting digital finance and financial technology innovation, and promoting green finance development. Hui mentioned that Hong Kong is a major source of foreign investment for Suzhou, with Suzhou using nearly 3 billion USD of Hong Kong capital last year, accounting for approximately 57% of the city's total foreign investment. Hong Kong can leverage its advantages as an international financial center to enhance financial cooperation between the two cities, achieving mutual benefit and win-win outcomes. Hui proposed four feasible directions for cooperation: firstly, leveraging Hong Kong's role as a "super connector" between mainland China and the rest of the world to assist Suzhou enterprises in expanding international business. Secondly, deepening capital market connectivity. Thirdly, supporting digital finance and financial technology innovation. And fourthly, promoting green finance development.