Financial News
Written by: Huang Jie
2020-10-29 09:53
Last update date: 2020-10-29 09:53
Hong Kong Stock Exchange (0388) Chief Executive Li Xiaojia will leave at the end of this year. Earlier in the market, it was rumored that the chairman of the Financial Affairs Bureau Li Luren might take over the position. However, he laughed when interviewed by the local media and said that those who made speculations "looked high on me." It is also known as "I can't figure out my head because of the rumors."
The National Security Law of the Port Area was passed for about 4 months, and the market was worried that foreign capital would withdraw from Hong Kong. However, Li Luren pointed out that in recent months, when he communicated with overseas officials, financial circles and business circles, he also mentioned national security law issues, but they were even more concerned. Pay attention to the issue of long-term economic development.
In addition to political factors, China’s active opening up of financial markets will inevitably create greater competition for Hong Kong’s status as an international financial center. Li Luren believes that Hong Kong enjoys a geographical advantage and should use its advantages as a fund-raising center to generate more financial opportunities, such as development. The family office also expanded to include more interconnection measures such as "Li Caitong".
Li Luren Financial Development Bureau Hong Kong Stock Exchange
