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CE begins visit to Xi'an

Chief Executive Carrie Lam left Chongqing for Xi'an today and began her visit programme in Shaanxi Province.   After arriving in Xi'an, she met Shaanxi Governor Zhao Yide and attended a lunch he hosted.   Mrs Lam said she was pleased to visit Shaanxi for the first time as Chief Executive and congratulated Shaanxi on the successful hosting of the 14th National Games.   She expressed hope that Shaanxi would share its valuable experience, enabling the governments of the Hong Kong Special Administrative Region, Guangdong Province and the Macau SAR to do a good job in hosting the 15th National Games in 2025.   Noting that Shaanxi is a key link for the nation's Belt & Road Initiative with its rich cultural history, the Chief Executive said the two places can build on the close trade and economic ties to enhance collaboration to contribute to the initiative and promote arts and cultural exchanges between China and the rest of the world.   She added that the Hong Kong

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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