Hong Kong is the first place for pilot implementation of the RQFII scheme. The quota for Hong Kong had been expanded twice, to 270 billion yuan in 2014, and has already been fully allocated, according to a statement by the Hong Kong Monetary Authority.
Holgate had a clear message to share with Australian businesses who think it may be difficult to enter into business with China.
His research on the "specific compatibility gene" has had significant influence in research regarding rice breeding. In the past five years, the team led by Lu has developed 33 new varieties of rice that were grown on more than 667,000 hectares of land.
His daughter, a final-year high school student, declined to sit Gaokao, the mainland's college entrance exams. Her year was spent preparing for the DSE exams.
His comments did not quell the growing pressure from within his party for him to resign.
Hong Kong Chief Executive Carrie Lam Cheng-Yuet-ngor meets the press before an Executive Council meeting on April 21, 2020. [PARKER ZHENG/CHINA DAILY]
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His comments came after China underlined the importance of building new infrastructure as part of the nation's broader push to boost economic growth and lay down a sound digital base for industrial upgrade.
His comments are in line with earlier remarks by Vice-Premier Liu He during the Davos Forum in Switzerland, that China has concrete plans to rein in its mounting debt.
His appeal comes a day after Sweden's Volvo became the first major automaker to pledge to stop making cars and SUVs powered solely by the internal combustion engine.
Hong Kong's GNI, the total income earned by Hong Kong residents from engaging in various economic activities, stood at 698.7 billion Hong Kong dollars ( billion) at current market prices.