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As asset quality improves, banks would have greater capacity to issue more credit to support the non-financial sector, he said. The commission's recent moves to lower bad-loan coverage ratio reflect the idea of encouraging more credit to support the non-financial sector, Lai said.

As charitable causes proliferate, an improved ecosystem for philanthropy is becoming more important.

As a staunch supporter of free and open trade, Lam pointed out, Hong Kong has been endowed with the continuation of the family membership of the World Trade Organization and the status of the separate customs territory by the Basic Law since 1997, which allows the city to negotiate and sign free-trade agreements on its own.

As cars sporting Chinese batteries are qualified for subsidies from the government, it followed that a local supplier would be a better choice than international ones. But why an obscure one like CATL?

As a diplomat, Hiramatsu should not be so ignorant of the fact that there is no territorial dispute in the Donglang area, and that the root cause of the standoff stems from Indian troops' trespassing across the already delimited Sikkim section of the China-India boundary into Chinese territory. As Foreign Ministry Spokeswoman Hua Chunying has rightfully pointed out, it is India, not China, that is trying to create trouble and change the status quo. Thus, there must be a hidden agenda behind Japanese diplomat's deliberate distortion of the facts.