Senior officials from Hong Kong said that Beijing and Hong Kong should cooperate to promote the involvement of private capital in the financial industry.

"Beijing and Hong Kong have many complementary qualities in the finance sector," said Secretary for Hong Kong Financial Services and the Treasury Bureau Chan Ka-keung, at the 17th Beijing-Hong Kong Economic Cooperation Symposium.

"Beijing as a base for venture capital has plenty of innovative technology enterprises that have a strong demand for funds, and Hong Kong is the center in Asia for venture investors.