File picture of a security guard walking past a directory board of Hong Kong Monetary Authority in Hong Kong December 20, 2012. The pledge from Chinese policymakers at the Global Financial Leaders’ Investment Summit comes amid growing geopolitical tensions following Donald Trump’s election as the next US president, and a destabilising slowdown in the world’s second-largest economy.
China Securities Regulatory Commission Chairman Wu Qing added that China would remove investment barriers and implement supporting measures while deepening capital market reforms. On Tuesday, Hong Kong’s High Court jailed 45 pro-democracy activists for up to 10 years following a landmark national security trial that has damaged the city’s once feisty democracy movement and drawn criticism from the US and other countries.
Citigroup chief executive Jane Fraser and Goldman Sachs chairman and CEO David Solomon told the forum Trump’s return to the White House next year should spur more corporate buyout activity on the prospect of reduced regulation.