Charles Li says what made HK great was the ‘1 country, 2 systems’ framework.
Charles Li, the Hong Kong Exchanges and Clearing Ltd’s CEO, also told a Reuters Breakingviews event that what made Hong Kong great was “one country, two systems” – the framework under which the former British colony returned to Chinese rule in 1997. HKEX posted an 8% drop in profit in the third quarter, its steepest slide in nearly three years, as investor sentiment was hit by months of political unrest that pushed the Asian financial hub into recession for the first time in a decade.
The anti-government protests in Chinese-controlled Hong Kong have evolved over the months into a broad pro-democracy campaign, with demands for universal suffrage and an independent inquiry into complaints of police brutality.
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