Hong Kong’s Lee pitches ‘China benefit’ to rebuild metropolis’s picture as monetary hub By Reuters

(Reuters) – Hong Kong chief John Lee pitched the town’s reference to China in an tackle to a few of the world’s high monetary executives, as he pushes to rebuild the town’s picture as a serious monetary hub that has been dented by strict COVID-19 curbs.

Chief Government Lee informed the Hong Kong Financial Authority’s International Monetary Leaders’ Funding Summit on Wednesday the town would proceed working in direction of lifting COVID restrictions.

A few of the world’s largest banking bosses, together with Goldman Sachs (NYSE:)’ David Solomon and Morgan Stanley (NYSE:)’s James Gorman, are in Hong Kong for the primary time in nearly three years.

“Hong Kong stays the one place on the earth the place the worldwide benefit and the China benefit come collectively in a single metropolis,” Lee stated.

“This distinctive convergence makes Hong Kong the irreplaceable connection between the mainland and the remainder of the world,” Lee added on the summit.

He additionally stated that Hong Kong was working to draw high expertise to offset a serious mind drain seen previously three years as a result of strict coronavirus guidelines.

“As have many different main cities worldwide, Hong Kong has been via ups and downs over time however our resilience stays remarkably unmatched,” he informed the summit.