The central bank will develop the financial market, push forward financial reform and expand opening up while maintaining financial system stability, ensuring continuous financial services and forestalling systemic financial risks, Yi said.
The central bank announced a steep cut last month in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth.
The city has formulated policies on the strategic reservation of land for future use and development, with measures taken to manage the boundaries between eco-conservation and urban development, Chen said in his government work report at the opening meeting of the annual session of the municipal people's congress.
The checkout-free Amazon Go concept, using similar technology to that of driverless cars, made waves when the company announced it last year. It has been in beta testing since then, with a planned public launch of early 2017. Reports indicate that Amazon has had some trouble with the technology, delaying its public debut.
The chief executive spoke highly of the Guangdong-Hong Kong-Macao Greater Bay Area development, saying the Greater Bay Area, with a population of about 70 million and a combined GDP equivalent of around .6 trillion, and its huge market potential, presented boundless promise for Hong Kong, particularly the financial services sector.
The central bank later openly discussed policies with the parties involved and started to take prudent steps in the steady opening-up of the domestic capital market. It has also quickened the pace to promote interconnectedness across various markets.
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The city government set up an organization dedicated to saving the traditional technique, which has registered it as a trademark.
The city, known for its many lakes, invited its citizens to show off their homegrown lotuses and share their insights, tips and stories in planting the flowers, which thrive every summer.
The central government has issued a series of successive favorable policies for Hong Kong in the past five years, creating real development opportunities and broad space for its development.
The central bank governor posted his speech a few hours after top-level policymakers set next year's policy tone and major economic development tasks at a meeting.