The chief executive of Hong Kong's stock exchange operator, Charles Li, sai...
HONG KONG - The chief executive of Hong Kong’s stock exchange operator, Charles Li, said on Friday he fully supported the Chinese-ruled city’s “one country, two systems” formula, after earlier saying the system had flaws.
The formula was enshrined during the handover from Britain to China in 1997, which permits Hong Kong wide ranging freedoms not available on the mainland such as an independent judiciary. “Lots of people in China think I was nuts,” Li told reporters. “But when you have a headline ... and when that gets translated into pieces out of context, and reported out of context to start with, obviously people have issues.”
“On the one hand, the central government really needs to have confidence that whatever is going to happen in Hong Kong, no one will challenge that Hong Kong is part of China and its sovereignty is supreme,” he said.
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