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Hong Kong seeks to balance finance growth against cyber risks

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SCMP - China Feed 2
By Brian Rhoads,Raymond Ma
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Hong Kong seeks to balance finance growth against cyber risks
Photo / Coverage: SCMP - China Feed 2Credit: Brian Rhoads,Raymond Ma
EXECUTIVE SUMMARY

Chinese Vice-Premier He Lifeng said that building Hong Kong “remains a key strategy for China” as he outlined four ways for the city to boost its long-term prospects and support the country’s development. The city should strengthen its role as a centre for international finance and the offshore yuan market, promote high-quality economic and social development, support technological innovation and align with China’s 15th five-year plan, he said in a video address to the Global Financial Leaders’.

Key Takeaways

  • Hong Kong seeks to balance finance growth against cyber risks.

Chinese Vice-Premier He Lifeng said that building Hong Kong “remains a key strategy for China” as he outlined four ways for the city to boost its long-term prospects and support the country’s development. The city should strengthen its role as a centre for international finance and the offshore yuan market, promote high-quality economic and social development, support technological innovation and align with China’s 15th five-year plan, he said in a video address to the Global Financial Leaders’...

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