China gives Shenzhen greater autonomy to attract investment

BEIJING - China announced measures that will grant its southern boomtown Shenzhen more autonomy as Beijing seeks to raise the profile of the region as a tech and financial hub amid tensions with the US.

The supporting policies for Shenzhen are more than those given to the free trade zone in China's southern island province Hainan, China News Service cited Mr Peng Sen, former deputy director of the NDRC, as saying. In a speech commemorating the 40th anniversary of Shenzhen's establishment as a special economic zone on Wednesday, Chinese President Xi Jinping said the city should also be given more autonomy for reform and strive to solve any problems from breakneck growth. Foreign investors' interests should be better looked after through measures including protecting intellectual rights, he said.

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Hong Kong: Stocks post third week of gains on upbeat China data, policy support[SHANGHAI] Hong Kong stocks ended higher on Friday to post their third weekly gain in a row, as investors cheered fresh policy support and upbeat data that pointed to China's economic recovery from the coronavirus crisis. Read more at The Business Times.
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