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Hong Kong has received great support from the central government, she said, adding that she wants to help younger generations in the city better grasp opportunities on the mainland.

Hong Kong stocks dipped significantly on Monday amid sharp declines of other major markets around the globe as fears over the rapid spread of the novel coronavirus weakened investors' confidence in the world economy.

Hong Kong's competitive advantage has rested on its open economy, low taxes and free flow of capital, making it attractive to overseas talent, Fan said.

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His illicit gains will be confiscated and the suspected crimes will be transferred to the procuratorate for further investigation and prosecution, said the statement.

His book on Wang Xing was written after interviews with dozens of people including Wang's family, friends, management and employees. The book on Liu Qiangdong, founder of JD.com is based on interviews with 258 people and original writing materials of four million words. Notably, when Li started to follow Wang and Liu, they were not as well-known as they are now.

His father, Wang Gangkui, said their family has received donations from all over the country totaling 10,000 yuan. In addition, some warmhearted people have sent the boy and his little sister winter clothes, shoes, books and notebooks.

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Hong Kong will also remain "the gateway to China", although this role may be under stress a bit with China's continued opening-up and new financial technologies and practices being introduced to the marketplace.

Holm was an important player in Amazon’s physical retail push. As a product manager, he worked on the company’s bookstores, of which there are now 13 planned or built, and he also helped develop the checkout-less Amazon Go convenience concept.

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His words are echoed by a senior executive from BYD, who told the Economic Observer that the cutback of government subsidy will at least push the new energy carmakers to go upward.

Hong Kong political heavyweights also threw their weight behind the central government.