"Fortune": Li Xiaojia said it will be more important if Sino-US relations increasingly diverge from Hong Kong status

Financial News

Written by: Zhang Weilun

2020-05-18 11:55

Hong Kong Stock Exchange (0388) CEO Li Xiaojia will retire after October next year. In an interview with Fortune magazine, the mainland and Hong Kong are expected to reopen faster than Western economies, and the global economic recovery is expected to start in Asia.

During the visit, Li Xiaojia pointed out that the operation of the mainland and the United States belong to different systems, which will have an impact on how the global economy recovers. Even if China's economy can be restarted compared to the West, he believes that in the long run, the mainland's economy will still be affected by the recovery process of overseas markets. He also pointed out that other countries' success in the fight against the epidemic will benefit the Mainland, otherwise the epidemic will eventually return to the Mainland.

Regarding the recent increase in the relationship between China and the United States due to the epidemic situation, Li Xiaojia pointed out that Hong Kong will become more important in terms of importance. He believes that the relationship between China and the United States is increasingly alienated, and Hong Kong is more important in the role of a bridge.

Chinese stocks are expected to be listed in Hong Kong in the future

Li Xiaojia also expected that when the mainland economy gets rid of the epidemic in the future, Chinese companies will continue to come to Hong Kong for listing.

Earlier Ruixing Coffee reported that the accounts were fraudulent from the second to the fourth quarter of last year, and the US regulatory authorities strengthened the review of Chinese stocks listed in the United States. Li Xiaojia pointed out that if the US can allow Chinese companies to gain a foothold in the local stock market, it will benefit the US market. If for any reason in the short term, Chinese stocks are rejected by the US market, Hong Kong will welcome it, but he emphasizes that Hong Kong is well-regulated and will not encourage inferior companies to list in Hong Kong.

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