China's Vice Premier He Lifeng said the nation will continue to support a free and open economic environment in Hong Kong and boost offshore yuan liquidity. In a video speech to the Global Financial Leaders' Investment Summit in Hong Kong, He said China will continue to offer full support for Hong Kong's long-term development and stability.
He said building Hong Kong well "remains a key strategy for China." The vice premier also vowed to scale up yuan bond issuance in Hong Kong and support listings in the financial hub, reinforcing the city's role as a major international financial center.
He also said mainland financial institutions' ability to withstand risks keeps improving, while China's economic momentum is shifting to new drivers. These remarks signal Beijing's intent to keep Hong Kong central to its financial strategy at a time when the city's status as a global capital gateway is closely watched by investors.
The comments were delivered at a summit gathering global financial leaders in Hong Kong, underscoring the city's continued importance as a meeting point for international capital and policymakers.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing