Li Xiaojia says Hong Kong is now put permanently on an irreversible track of connecting its markets with China. Charles Li Xiaojia, the outgoing chair of Hong Kong Exchanges and Clearing, predicts that his successor will need to double down on his strategy. A link allowing mainland investors to buy bonds in Hong Kong will likely be unveiled next year, he said. Li dismissed such concerns and said that regaining stability has been key for Hong Kong, which was rocked by anti-government protests last year. “Hong Kong exchange is still somebody that people need to watch,” he said.

Source: The Standard December 17, 2020 03:56 UTC