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China needs Hong Kong as global financial hub - Hong Kong lawmaker.

BBC Monitoring International Reports

| January 15, 2007 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

(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 …

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