Monetary Chief Asks Financial Giants to Read Less From the International Press

Former President of the Bank of England spoke differently and praised the international media

Chief Executive of the Hong Kong Monetary Authority (HKMA), Eddie Yue Wai-man (Left), speaks to Fang Xinghai, vice chairman of China Securities Regulatory Commission (Right), via video link at the opening of the Global Financial Leaders Investment Summit in Hong Kong on Nov. 2, 2022. At the summit of global bankers, Fang Xinghai told investors they should avoid reading international press coverage of China's economy, comments that received endorsement from two senior executives. Peter PARKS/AFP

The Global Financial Leaders’ Investment Summit, which Monetary Authority Hong Kong hosted, took place at the Four Seasons Hotel in Central on Nov. 2.

During his speech, Chief Executive John Lee Ka-chiu declared that the event was a summit of Hong Kong returning to the center stage. He also told the guests that “the worst is over.”