Shanghai FTZ will be good for Hong Kong, says exchange CEO

Hong Kong

HONG KONG's spot as a regional financial hub is being challenged by Shanghai having set its sights on becoming an international financial centre by 2020 - a goal lately accelerated by the debut of its free trade zone (FTZ) and its planned reforms for the financial services offered there.

But Charles Li, the chief executive of Hong Kong Exchange and Clearing, has given a largely positive reading of how the development of Shanghai's pilot FTZ will affect Hong Kong.