The Honourable Christopher Hui, Secretary for Monetary Companies and the Treasury of the Hong Kong Particular Administrative Area, visited Lao Bullion Financial institution (LBB) and the Laos-Worldwide Valuable Metals Refinery (LIPMER) on 20 July.
The go to adopted the signing of a Memorandum of Understanding on monetary cooperation between Laos’ Ministry of Finance and Hong Kong’s Monetary Companies and the Treasury Bureau.
At Lao Bullion Financial institution, Hui was briefed on the financial institution’s function in supporting efforts to modernize Laos’ home gold market via gold financial savings companies, bullion banking, treasured metals buying and selling, and connections with worldwide markets.
Discussions additionally coated the financial institution’s efforts to develop partnerships with worldwide monetary establishments, bullion market individuals, and market infrastructure suppliers to strengthen Laos’ integration into the worldwide treasured metals ecosystem.
Hui additionally visited LIPMER, the place he was launched to the refinery’s operations and its function in creating Laos’ treasured metals worth chain. The go to highlighted the refinery’s efforts to broaden home refining capability, promote internationally acknowledged refining requirements, and improve the worth of Lao-produced treasured metals.
The go to adopted the signing of the government-to-government memorandum of understanding and highlighted efforts to deepen cooperation in monetary companies and treasured metals improvement.
It additionally emphasised the significance of cooperation between authorities establishments and the personal sector in supporting financial improvement and regional market connectivity.
