Hong Kong's capital market to boost mainland tech firms

A Beijing official stated that Hong Kong's capital market can help mainland technology firms become global leaders. Qi Bin, a deputy director at Beijing’s liaison office in Hong Kong, spoke at a summit hosted by HSBC on Tuesday. Qi emphasized the importance of developing a strong capital market in Hong Kong. He noted that this development would support China's technological growth and help Hong Kong's economy. He believes that recent positive trends in Hong Kong’s economic and social development demonstrate this connection. According to Qi, enhancing Hong Kong's financial markets is crucial for China's technological innovation. He also suggested it would help both Hong Kong and Asian stock markets become world-class. This approach, he stated, is the "obvious choice" for driving advancements in technology and industry.