Hong Kong: President Xi Jinping warned a divided Hong Kong against any challenges to China’s rule and said it should instead focus on finding new ways to profit from the country’s economic rise. More From Livemint »“Hong Kong needs to seize the opportunity of China’s development and focus its energy on building the economy and planning growth,” Xi told a gathering of Hong Kong political and business leaders. The Hong Kong stock exchange announced that foreign investors would from Monday gain access to China’s $10 trillion debt market through a local bond connect. The Chinese and Hong Kong governments had earlier signed a pair of trade pacts giving local firms preferential investment access on the mainland. Ting Wai, an international relations professor at Hong Kong Baptist University, said Xi’s gestures sent a doubled-edged message.

Source: Mint July 01, 2017 10:18 UTC