The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) earlier announced the joint establishment of the "Northern Metropolis Financial Advisory Working Group", which is scheduled to hold its first meeting on Wednesday (17th), Hong Kong Economic Journal reported, citing market sources. A spokesperson for the HKMA responded that arrangements for the first meeting of the working group are underway, and discussions will focus on how to support the financing needs for the development of the Northern Metropolis.
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