In a speech at the Global Financial Leaders Investment Summit, Chinese Vice Premier He Lifeng pledged to enhance Hong Kong’s competitiveness through investments in innovation and strengthened financial policies, with Beijing committing to measures to establish the city as an international financial center. He noted that Beijing’s stimulus efforts have already benefited Hong Kong, leading to a more certain economic outlook. Following He’s address, top Chinese financial officials are set to discuss mainland China’s financial developments, as global banks have scaled back operations in Hong Kong amid a slowdown in deal-making activities, although signs of improvement have emerged in the third quarter.
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Cold snap continues as UK awaits arrival of Storm Bert
A cold snap continues across the UK ahead of the arrival of Storm Bert, bringing freezing temperatures and weather warnings for snow and ice. The storm is expected to bring milder temperatures but also disruption with high winds and heavy rain, potentially leading to flooding. Strong winds and heavy snowfall are anticipated, prompting warnings from authorities to check travel plans and avoid unnecessary journeys. Full Article
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