ID :
201692
Tue, 08/16/2011 - 15:56
Auther :
Shortlink :
https://oananews.org//node/201692
The shortlink copeid
Chinese vice premier visits Hong Kong
HONG KONG, Aug. 16 (Yonhap) -- Chinese Vice Premier Li Keqiang arrived in Hong Kong on Tuesday, in a gesture to display the Chinese government's support for the special role of the Chinese territory.
China has been pushing Hong Kong as an offshore trading hub for the yuan. The country's National 12th Five-Year Plan, a policy blueprint for China's development from 2011-2015, includes measures to strengthen Hong Kong's role as an international financial center.
Li, who has been widely touted as a possible successor to Premier Wen Jiabao in 2013 for a ten-year term, started a three-day visit to the Chinese Special Administrative Region on Tuesday.
The purpose of his visit is to attend a forum on the five-year plan as well as economic, trade and financial co-operation and development between mainland China and Hong Kong, Li told reporters upon his arrival at the Hong Kong airport.
The vice premier said he "brought some new policy measures from the central government on supporting Hong Kong's further development and enhancing trade and financial co-operation between Hong Kong and the mainland."
He will attend an auction ceremony on Wednesday for the sale of 20 billion yuan (US$3.1 billion) in bonds issued by the Chinese government, officials at the Hong Kong government said.
The Chinese Ministry of Finance said earlier this month it will issue yuan-dominated sovereign bonds through Hong Kong markets.
It is the third time for China to issue yuan government bonds in Hong Kong. China sold its first sovereign bonds in Hong Kong in September 2009, raising 6 billion yuan.
ygkim@yna.co.kr
China has been pushing Hong Kong as an offshore trading hub for the yuan. The country's National 12th Five-Year Plan, a policy blueprint for China's development from 2011-2015, includes measures to strengthen Hong Kong's role as an international financial center.
Li, who has been widely touted as a possible successor to Premier Wen Jiabao in 2013 for a ten-year term, started a three-day visit to the Chinese Special Administrative Region on Tuesday.
The purpose of his visit is to attend a forum on the five-year plan as well as economic, trade and financial co-operation and development between mainland China and Hong Kong, Li told reporters upon his arrival at the Hong Kong airport.
The vice premier said he "brought some new policy measures from the central government on supporting Hong Kong's further development and enhancing trade and financial co-operation between Hong Kong and the mainland."
He will attend an auction ceremony on Wednesday for the sale of 20 billion yuan (US$3.1 billion) in bonds issued by the Chinese government, officials at the Hong Kong government said.
The Chinese Ministry of Finance said earlier this month it will issue yuan-dominated sovereign bonds through Hong Kong markets.
It is the third time for China to issue yuan government bonds in Hong Kong. China sold its first sovereign bonds in Hong Kong in September 2009, raising 6 billion yuan.
ygkim@yna.co.kr
