Qi Bin, a deputy director at Beijing’s liaison workplace in Hong Kong, additionally mentioned on Tuesday that fostering a robust capital market within the metropolis to bolster the nation’s technological advances was the “apparent selection”.
The previous vice-president of the China Funding Company added that such a transfer would additionally profit Hong Kong.
“The latest optimistic momentum of Hong Kong’s financial and social improvement exhibits that the important thing to Hong Kong’s financial progress is monetary market improvement,” Qi advised attendees on the primary day of a summit hosted by HSBC.
“Fostering a robust capital market in Hong Kong can be an apparent selection for rising China’s technological innovation and industrial upgrades, whereas enabling each the Hong Kong and A-share inventory markets to develop into world-class capital markets collectively.”
