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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.