Fang’s remarks came amid heightened tensions between Beijing and Washington over issues including coronavirus, Hong Kong, and cross-border listings.
(June 22): China is confident of Hong Kong’s future as an international financial center, and will support its growth, a senior Chinese regulator said on Monday, amid uncertainties cast by China’s proposed new security law for the city.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC) also told a forum that China should accelerate yuan internationalisation in the face of mounting risks associated with a U.S.-dominated global monetary system.
