The Hong Kong SAR Secretary for Financial Services and the Treasury, Professor K C Chan, along with other senior officials of the Hong Kong Treasury, met with the GI Hub in Sydney on Thursday, 10 November.
The parties discussed the work of the Hong Kong Infrastructure Financing Facilitation Office (IFFO), established by the Hong Kong Monetary Authority (HKMA).
At the time of the launch of the IFFO in July 2016, the GI Hub signed a Memorandum of Understanding with the HKMA to cooperate in the promotion of quality, bankable infrastructure projects through advancing capacity building, exchanging of information and best practices, and facilitating infrastructure financing transactions.
A particular focus of the discussions with the Treasury was on attracting institutional investors, such as pension funds and insurance companies, into infrastructure markets, with GI Hub Chief Executive Officer Chris Heathcote making the point that the GI Hub looked forward to working with the IFFO to tap into the wealth of expertise available in Hong Kong to structure transactions that would meet the requirements of such investors.
