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Following is the transcript of remarks by the Chief Executive, Mr C Y Leung, at a media session in Hainan this afternoon (April 10):
Reporter: How do you see the connectivity mechanism suggested by Li Keqiang this morning and how does it benefit Hong Kong as a whole?
Chief Executive: The mechanism is something that will be worked out between the regulatory bodies of the two markets and also the two stock exchanges, and obviously Hong Kong Government will take an oversight role. It is important that, while we open up the two markets to the respective investors in these two markets, we pay due attention to the matter of investor protection. And this is something that the various bodies in both markets will work on. It is very meaningful for both Hong Kong and Shanghai, and that is why, I believe, the Premier chose the occasion of the Boao Asia Forum to announce it himself. It underlines the role that Hong Kong plays as a global, an international, financial centre amongst all cities in the country, and it also signifies the ongoing contribution that Hong Kong, as one of the cities in the country, can contribute to the ongoing reform and opening up of the Chinese economy. Thank you.
(Please also refer to the Chinese portion of the transcript.)
Ends/Thursday, April 10, 2014
Issued at HKT 16:43
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