China’s Vice Premier Pledges Support to Enhance Hong Kong’s Competitiveness


Last updated: November 19, 2024

China’s Vice Premier He Lifeng reaffirmed Beijing’s commitment to strengthening Hong Kong’s position as a global financial hub, focusing on innovation and financial policy improvements.

Speaking at the third Global Financial Leaders Investment Summit, hosted by the Hong Kong Monetary Authority, He stressed the importance of “exploring and implementing” measures to solidify Hong Kong as an “international financial center.”

His comments, translated from Mandarin, reflected Beijing’s ongoing efforts to support the city’s economic development.

He pointed to Beijing’s stimulus policies as a driving force behind Hong Kong’s progress, noting that these initiatives have “benefited” the city and provided a more certain economic trajectory.

The event underscored Hong Kong’s crucial role in the region’s financial ecosystem, as leaders discussed strategies to ensure its relevance in the evolving global business landscape.

The Vice Premier’s remarks signaled confidence in Hong Kong’s potential as a cornerstone of regional and international financial markets, fostering optimism about its future growth.

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