Date
24 January 2017
Charles Li (inset) says 'one country. two systems' benefits both sides and is critical to Hong Kong's sustainable development, making it unique from Shanghai. Photo: HKEJ
Charles Li (inset) says 'one country. two systems' benefits both sides and is critical to Hong Kong's sustainable development, making it unique from Shanghai. Photo: HKEJ

Charles Li: China does not need another Shanghai but Hong Kong

Hong Kong’s stock exchange chief says “one country, two systems” is critical to the sustainable development of the financial market.

It’s the one thing that makes Hong Kong unique among other major Chinese cities such as Shanghai, Shenzhen and Guangzhou, said Charles Li, chief executive of Hong Kong Exchanges and Clearing Ltd. (00388.HK).  

Li told a business forum that China does not need another Shanghai, Shenzhen or Guangzhou but a special city like Hong Kong. 

Hong Kong’s prosperity depends in large part on China and vice versa, so upholding “one country” and “two systems” benefits both sides, Li said.

He said the mainstream thinking in the mainland is that “two systems” cannot be undermined and added that a majority of Hong Kong people also support “one country”.

As long as the “noise” about separating Hong Kong from China is not a mainstream view, Hong Kong people will do just fine, Li said.

Hong Kong has great potential in the next 30 years if it can position itself as a center for global funds, risk management services and commodity trading, he said.

Li said he usually avoids commenting on politics but this time is an exception because Hong Kong’s future development is at stake.

[Chinese version中文版]

[Charles Li's blog]

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