Story perspectives
Hong Kong Urged to Strengthen Governance Amid Elderly Crisis
1/26/2026
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Story summary
- Xia Baolong, director of the Hong Kong and Macao Affairs Office in Beijing, urged Hong Kong to strengthen its executive-led governance.
- He said the legislative and judicial branches must support the government.
- The People's Bank of China (PBOC) announced plans to double yuan liquidity for Hong Kong banks, reinforcing Hong Kong's offshore yuan role.
- Analysts urged expanded support for socially isolated elderly residents in Hong Kong, citing a tragic case.
