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China's newly appointed director in the office of the Central Financial Commission He Lifeng, also a Chinese vice premier, said the central government supports Hong Kong in bolstering its role as an international financial hub and expanding into markets such as ASEAN and the Middle East to serve the high-quality development of the Belt and Road Initiative.
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The vice-premier made the remarks via video at the second edition of the Global Financial Leaders' Investment Summit on Tuesday.
"We support Hong Kong's pioneering efforts in promoting cross-border trade and investment facilitation, expanding the openness of the financial sector, and continuously improving and optimizing the financial connectivity between the Chinese mainland and the city," He said.
He added that the central government backs Hong Kong in boosting its offshore renminbi businesses, enhancing the function of the international asset management center, and developing the city into a financial technology hub and a green finance center in Asia.
He said that the central government's strategy to attract more international capital to the mainland via the SAR signifies a strong endorsement of the city's international financial center status.
The three-day event, organized by the Hong Kong Monetary Authority, kicked off on Monday in the city and attracted about 300 financial and business leaders from the world's top financial institutions to discuss macroeconomic challenges, industry disruptions, investment strategies, and the implications of significant themes like China's economic trajectory, technology, and sustainable development.
(Staff reporter and China Daily)
