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Chinese policymakers meet HK bankers to boost financial hub status



China's financial policymakers are meeting with bankers in Hong Kong to explore ways of strengthening the city's position as an international hub for investments, deals, and talent. The Ministry of Finance recently convened a meeting with bankers from institutions including HSBC, Standard Chartered, and Bank of China (Hong Kong). Discussions are centred on enhancing Hong Kong's status as a global financial centre, addressing its risks and challenges, and deepening ties with mainland China to solidify its hub status. Despite criticism and challenges, Hong Kong officials remain committed to promoting the city's business-friendly environment and preventing a brain drain. In a separate development, Hong Kong's stock market faced a decline due to disappointing economic news from Beijing.

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