Political situation
Written by: Wen Weiguang
2020-10-30 16:42
Last update date: 2020-10-30 16:42
The Fifth Plenary Session of the Nineteenth Central Committee concluded yesterday (29th). A press communiqué was issued in the evening. The section mentioning Hong Kong refers to "to maintain the long-term prosperity and stability of Hong Kong and Macao, and to promote the peaceful development of cross-strait relations and the reunification of the motherland."
In an interview with Phoenix Satellite TV, the chairman of the DAB Li Huiqiong said that after the 13th Five-Year Plan, the 14th Five-Year Plan will be ushered in. She hopes that the SAR government and all sectors of society will work together to actively seize the opportunities provided by the national plan and consolidate Hong Kong’s performance. The advantages of an international financial center, and deepen Hong Kong's development in the global offshore RMB business hub.
Li Huiqiong said that in the context of the game between major powers, Sino-US trade tensions, and new global political and economic situations, some companies listed in the United States have chosen to delist from the United States and return to Hong Kong for financing in the past period of time.
(Photo by Gao Zhongming/Picture of Information)
Li Huiqiong said that in the context of the game between major powers, the tensions in Sino-US trade relations, and the emergence of new global political and economic situations, some companies listed in the United States have chosen to delist from the United States and return to Hong Kong to raise funds, choosing Hong Kong as their IPO fundraising center. , Believes that Hong Kong, as an international financial center, is still helping countries and mainland enterprises to become an important fund-raising center for them.
Li Huiqiong hopes that Hong Kong can play a more important role as a pioneer. For example, in the offshore RMB center, is it possible to have quotas and limited exchanges so that the path of RMB internationalization can be a pilot project. I hope the central government can give it a try consider.
Li Huiqiong continued that after the 13th Five-Year Plan, the 14th Five-Year Plan will be ushered in. It is hoped that the SAR government and all sectors of society will work together to actively seize the opportunities of national planning, consolidate Hong Kong’s advantages as an international financial center, and deepen Hong Kong’s status as an international financial center. Development of the global offshore RMB business hub.
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