Hong Kong Needs Close China Ties to Prosper, Next Leader Says
- Dismisses concerns that Beijing has tightened grip on city
- Lam speaks to Bloomberg days before becoming city’s leader
Lam Sees Challenges Ahead as Hong Kong Chief Executive
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Hong Kong’s importance to the global economy will increase due to integration with China, Chief Executive-elect Carrie Lam said, dismissing concerns that Beijing was undermining the city’s autonomy.
President Xi Jinping’s Belt-and-Road Initiative -- along with a plan to create a Silicon Valley-like innovation haven by linking Hong Kong and neighboring Macau with the southern manufacturing powerhouse of Guangdong -- would benefit the financial hub, Lam said in an interview in Hong Kong on Friday.