Financial secretary says ‘favourable’ regulatory moves have allowed Hong Kong to do more to attract overseas companies.
Singapore’s Minister for Home Affairs and Law says he is ‘bemused’ by suggestions that Hong Kong is in terminal decline.
It’s Lee’s first mainland visit since the pandemic began; in CCTV interview he describes China-Singapore relations as ‘very good’.
Nearly 60 per cent of China’s overseas loans now held by countries considered to be in financial distress, Maybank report says.
Leaders also raise concerns over Korean peninsula, urging parties to ‘maintain calm and restraint’ and calling on US to take ‘concrete actions’.
The visit comes as the Philippines has moved to strengthen its ties with the US amid fears of growing Chinese assertiveness.