China’s Xi Jinping Wants Hong Kong People to Move to Shenzhen

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Blackpink, the World’s Biggest Pop Band, Talks Covid and Future Plans
  • ‘America is Back,’ Says Biden; Scotland Makes Period Products Free for All: World Brief
  • The Hong Kong-Singapore Travel Bubble Delay Explained
  • Bloomberg QuickTake: Now published this video item, entitled “China’s Xi Jinping Wants Hong Kong People to Move to Shenzhen” – below is their description.

    Chinese President Xi Jinping called for new measures to encourage young people from Hong Kong to move to mainland China, part of measures to integrate the semi-autonomous territory with the mainland following student-led protests last year. The push is aimed at “deepening integration” between young people in Hong Kong, Macau and Guangdong province to “increase their sense of belonging to the motherland,” the Chinese president said in a Wednesday speech in Shenzhen marking the 40th anniversary of the technology hub becoming a special economic zone. Hong Kong Chief Executive Carrie Lam was in the audience for the speech in neighboring Shenzhen, whose skyline is visible in parts of the Asian financial center. She canceled her annual policy address scheduled for Wednesday to attend the event, and now plans to give it late next month or earlier after consulting with officials in Beijing. Business groups have expressed concern about Hong Kong’s autonomy from the mainland in the wake of sweeping new national security legislation imposed by Xi in June. The law, meant to subdue protests that turned violent last year, came as the city looks to revive an economy battered by unrest and the pandemic. China should “fully utilize the important platform of Guangdong-Hong Kong-Macau cooperation to attract more young people from Hong Kong and Macau to study, work and live in the mainland,” he said. Shenzhen is a cornerstone of Xi’s Greater Bay Area, which aims to knit together mainland cities with Hong Kong and Macau to establish a regional powerhouse rivaling Silicon Valley. Xi’s address encouraged further overall cooperation with China. “We should also continue to encourage and guide our compatriots in Hong Kong, Macau and Taiwan as well as overseas Chinese to play their important roles in investment, entrepreneurship and two-way openness so that they can make new contributions to the development of the special economic zones,” he said.

    Bloomberg QuickTake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

    3 Recent Items: Hong Kong

  • Hong Kong policies: Carrie Lam defends new security law
  • Hong Kong leader Carrie Lam delivers 2020 policy address
  • JD Health plans Hong Kong’s biggest 2020 IPO
  • In This Story: XI Jinping

    Xi Jinping has been the President of China since 2013 and General Secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (CMC) since 2012.

    Books #Ad

    2 Recent Items: XI Jinping

  • Xi Jinping stresses enhancing training to improve combat capability
  • Who will win the battle over the future of the Internet? | Inside Story
  • Leave a Comment