Chinese vice premier urges Hong Kong to deepen financial reform

Hong Kong should seize opportunities to deepen financial reform and innovation, said Chinese Vice Premier He Lifeng on Tuesday when delivering a speech at the Global Financial Leaders' Investment Summit held in Hong Kong.

He, also a member of the Political Bureau of the Communist Party of China Central Committee, emphasized that China's central government has always positioned the development of Hong Kong as an international financial center from a strategic perspective and will continue to improve the policy system supporting the construction of Hong Kong as an international financial center.

The vice premier expressed hope that Hong Kong will continue to deepen financial reform and innovation, expand financial opening-up and cooperation, actively align with the country's development strategies, and continue to safeguard financial security and write a splendid chapter under the "one country, two systems" principle.

Held by the Hong Kong Monetary Authority, the three-day event featured a main summit under the theme "Sailing Through Changes" on Tuesday.

Chinese President Xi Jinping arrived in Brasilia on Tuesday for a state visit to Brazil.

Xi was warmly welcomed upon his arrival by the Chief of Staff of the Brazilian Presidency Rui Costa, along with several other senior Brazilian officials.

An all-female local Batala band, dressed in colorful attire and brimming with enthusiasm, greeted him with vibrant drumbeats.

Representatives of overseas Chinese, Chinese institutions and Chinese students lined the road on the way from the airport to Xi's hotel to greet him, waving the national flags of China and Brazil and banners conveying best wishes to the friendship between the two countries.

Xi traveled to Brasilia after attending the 19th G20 Leaders' Summit in Rio de Janeiro, Brazil.