Business · Singapore Bureau
China's Vice-Premier Pledges Support for Hong Kong's Open Economy
He Lifeng has committed to bolstering Hong Kong's role as a financial centre through expanded yuan bond markets and enhanced listing opportunities. The pledge underscores Beijing's continued backing for the territory's economic liberalisation.
LSN Singapore ·
China's Vice-Premier He Lifeng has reiterated the central government's support for maintaining a free and open economy in Hong Kong, signalling sustained commitment to the financial hub's international standing.
During recent remarks, He outlined concrete measures to strengthen Hong Kong's capital markets, including scaling up yuan-denominated bond issuance in the territory. The initiative is designed to deepen Hong Kong's role as a conduit for cross-border capital flows and yuan internationalisation.
The vice-premier also pledged backing for expanded listings in Hong Kong, reinforcing the city's competitive position as a gateway for regional and international companies seeking capital market access. Such measures align with Beijing's broader economic agenda to leverage Hong Kong's institutional strengths and regulatory framework.
The statements come amid efforts to stabilise Hong Kong's business environment and reassure investors of the territory's continued relevance in Asia's financial ecosystem. Analysts note that sustained central government support remains critical to Hong Kong's recovery and long-term prosperity as a global financial centre.