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China Regulator Pledges Continued Backing of Hong Kong as Financial Center

August 24, 2020

China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S.

China will provide support for its financial institutions doing business in Hong Kong while complying with regulations and offering services to residents and companies, the China Banking and Insurance Regulatory Commission said in a statement on its website on Saturday.

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