After more than a month of delay, Hong Kong Chief Executive Carrie Lam finally speaks at the government’s annual policy address, before a Legislative Council, during early Wednesday.
The comments, shared via Reuters, suggest that the national leader favor political links with China while also saying, “Government’s urgent priority was to restore the Chinese-ruled city’s constitutional order and pull its political system out from the chaos.”
It was also mentioned in the speech that Hong Kong will expand the scope of connect program with China.
On a different page, China eased listing rules for Taiwanese firms while saying, per the Global Times (GT), there are no policy barriers for Taiwan firms to list on the Chinese mainland.
FX implications
Although news from Hong Kong signals further tension between China and the Western world, the Asian nation’s equity index Hang Seng prints over 1.0% gains by press time.
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