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China announces policies to build closer ties with Hong Kong.
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Hong Kong, 29 June: China's top economic planner announced here Friday [29 June] new policies to foster a special zone in the southern boomtown of Shenzhen in a bold move to speed cooperation between Hong Kong and the mainland.
The policies, approved by the State Council, or China's cabinet, will cover six sectors - finance, taxation, legal system, talents, education and medical treatment, and telecommunications, Zhang Xiaoqiang, deputy director of the National Development and Reform Commission, said at a press conference.
The zone, a stretch of 15-square-kilometer …
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