The central government needs mutual interaction and trust from the SAR in the successful implementation of "one country, two systems", Tam stressed. When the legislation is in place and Hong Kong's peace is restored, the city will surely enjoy better development and stronger support from the central government, he said.
The central bank had suspended open market operations for 12 work days prior to Wednesday, citing sufficient liquidity in the banking system.
The central bank has been using the MLF to channel funds more directly to sectors of the economy that need it most.
The city should make the best of the China International Import Expo, scheduled for early November in the city, to build an import promotion network that covers the whole world. A more efficient trade environment is envisioned to improve Shanghai's international market influence.
The city, which is home to over 70,000 technology-based enterprises, spends about 4.9 percent of its GDP on research and development.
The central bank governor also stressed that the Chinese government "attaches great importance" to preventing and mitigating major financial risks.
首页排名优化
The central city-metropolitan area-urban agglomeration will be the main region driving China's socio-economic development in the future, the 21st Century Business Herald reported on Tuesday.
The central bank also released data about gold reserves, which fell to billion in September, down .7 billion in August.
The central bank also noted that the credit risk of enterprises should be strictly evaluated and the solvency of green projects should be closely monitored to further improve the green finance early warning mechanism.
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