The Financial Infrastructure and Market Development Sub-Committee

1. To recommend to the Financial Secretary through the Exchange Fund Advisory Committee measures to further develop Hong Kong’s status as an international financial centre and strengthen the international competitiveness of Hong Kong’s financial services, including –
   1. measures to promote the development, operational excellence, safety and efficiency of the financial infrastructure in Hong Kong, particularly payment and settlement arrangements;
   2. measures to promote the development of Hong Kong as an offshore renminbi centre;
   3. measures to foster the development of other enabling factors that would help enhance the competitiveness of Hong Kong’s financial services; and
   4. initiatives for the HKMA, in discharging its responsibilities for maintaining the stability and integrity of the monetary and financial systems of Hong Kong, to promote the development of the financial infrastructure and financial markets in Hong Kong under (a) to (c) above.
2. To monitor the work of the HKMA in relation to the initiatives identified in (1) above.

Note : Formerly known as the "Financial Infrastructure Sub-Committee".