-
Hong Kong will stay China’s financial gateway to the world, former top banking official says
Hong Kong will continue to be an international financial centre in parallel with New York and London, and remain an important financial gateway for China to connect the rest of the world, a former top banking official said on Saturday. Liu Mingkang, former chairman of the China Banking Regulatory Commission, offered the assessment in an online forum, saying he “was very disappointed at recent discussions about [the weakening] financial role of Hong Kong”. “People circulating those views don’t know economics, finance, or politics … Dissemination of such views on the mainland and in Hong Kong is harmful,” ... (full story)