HK urged to deepen financial reform and innovation

Chinese Vice Premier He Lifeng said HK was positioned as an international financial hub.

Hong Kong should seize opportunities to deepen financial reform and innovation, according to Chinese Vice Premier He Lifeng’s speech during the Global Financial Leaders' Investment Summit.

Lifeng said that with the strong support of the central government and joint efforts from all sectors, Hong Kong has achieved new accomplishments in economic and social development, and its financial system remains vibrant.

He emphasised that the central government has always positioned the development of Hong Kong as an international financial centre and continues to improve the policy system supporting Hong Kong as an international financial centre.

The Vice Premier also said that with the "one country, two systems", Hong Kong's status as an international financial centre will be further consolidated and will maintain long-term stability.