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China urges HSBC to strengthen HK’s financial hub role



China’s Vice President Han Zheng of China, following a meeting with HSBC Chairman Mark Tucker in Beijing, has called on HSBC to enhance Hong Kong’s position as a global financial centre. Han highlighted the central government’s support for Hong Kong’s development as a finance hub and encouraged the British bank to deepen its cooperation with China. He also emphasised China’s goal of developing a unique, high-quality financial sector, differentiating it from Western models. Tucker expressed admiration for China’s economic progress and confidence in HSBC’s investments in the country. He committed to supporting Hong Kong’s financial status and fostering closer UK-China relations. This dialogue underscores Hong Kong’s strategic importance in the global financial landscape.

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