Chinese Vice Premier He Lifeng pledged to boost Hong Kong's competitiveness through investment in innovation and stronger financial policies. Speaking at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority, he emphasised Beijing's commitment to developing Hong Kong as an international financial centre, noting that China's stimulus measures have already benefited the city. Following his speech, senior Chinese regulators were set to discuss financial developments. Global banks have been scaling back operations in Hong Kong amid a slowdown in listings and deal-making, but stock exchange operators point to signs of recovery as Beijing unveils stimulus measures. The conference features prominent banking executives such as JPMorgan Chase President Daniel Pinto and Goldman Sachs CEO David Solomon.