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(From BBC Monitoring International Reports)
Text of report entitled: "China needs HK as global financial hub: HK lawmaker" in English by official Chinese news agency Xinhua (New China News Agency)
Hong Kong, 15 January: "There is a great urgency for China to develop an international financial centre of global significance within its own borders," said David Li, a lawmaker of the Legislative Council of the Hong Kong Special Administrative Region (HKSAR), here Monday [15 January].
Li was speaking as convenor of a focus group on financial services, one of four groups the HKSAR Chief Executive established at an economic summit on "China's 11th …