Attending the financial investment forum, He Lifeng called on Hong Kong to align with China’s development strategy | Cross-Strait | Central News Agency CNA
China’s Vice Premier He Lifeng spoke at a forum in Hong Kong, praising the country’s stable economic performance. He highlighted positive developments and the importance of aligning Hong Kong’s financial strategies with China’s broader development goals.
During the International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority, He Lifeng emphasized China’s commitment to reform and its increasing openness to international markets. He presented three key recommendations for Hong Kong’s financial growth:
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Enhance Financial Competitiveness: Hong Kong should deepen financial reforms, improve the banking sector, and develop the capital and bond markets. This includes expanding the insurance market and enriching offshore RMB financial products.
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Support Asset Management: He Lifeng encouraged Hong Kong to build a higher-level international asset and wealth management center, focusing on new areas like green finance, technology finance, and digital finance.
- Expand Financial Cooperation: Hong Kong must increase its financial openness and international collaboration, leveraging its unique advantages to foster global financial connections.
He Lifeng affirmed that Hong Kong serves as a key link in China’s economic outreach, and as China develops, Hong Kong’s strategic importance will grow. He urged Hong Kong to reinforce its role in the financial plans related to China’s Belt and Road Initiative.
Overall, Vice Premier He Lifeng highlighted a clear path forward for Hong Kong’s financial sector, stressing the synergy between Hong Kong’s growth and China’s economic strategies.