China's vice premier vows to boost Hong Kong competitiveness, says stimulus push has 'benefited' the city [MSNBC.com]
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Source: MSNBC.com
He ng, China's vice premier, during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024.Paul Yeung | Bloomberg | Getty ImagesSpeaking at the third Global Financial Leaders Investment Summit, hosted by the Hong Kong Monetary Authority, He reiterated Beijing's commitment to "explore and implement" measures aimed at building Hong Kong as an "international financial center." That's according to CNBC's translation of his spoken Mandarin.Beijing's stimulus measures have already "benefited" Hong Kong, said He, whooversees a key economic and financial policymaking bodyTo strengthen its financial industry, Hong Kong needs to leverage measures from mainland China as well as its global connections, Li Yunze, minister of China's National Financial Regulatory Administration, said in a panel following He's speech.Almost 80% of mainland businesses that seek an offshore listing would go to Hong Kong, Li said, stressing the city's future "has always been inte
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