China’s He Lifeng says will support free, open economy in Hong Kong

HONG KONG – 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. China will continue to offer full support for Hong Kong’s long term development and stability, He said in a video speech to the Global Financial Leaders’ Investment Summit in Hong Kong on Nov 3.Building Hong Kong well “remains a key strategy for China”, he said. The vice-premier also vowed to scale up yuan bond issuance in Hong Kong and support listings in the financial hub. He said that mainland financial institution’s ability to withstand risks keeps improving while China’s economic momentum is shifting to new drivers. Bloomberg