‘I’ll be first in line to buy your bonds’: how Zhu Rongji put steel in Hong Kong’s spine
In late 2002, then Chinese premier Zhu Rongji visited Hong Kong and sought to put steel in the spine of the city’s establishment that was floundering under an economic slump and a ballooning deficit. “Even if you spend all your fiscal reserves three years from now, what is there to fear?” he asked his dinner guests at Government House in a famously unscripted speech. “If you issue 50-year…
Chief Executive John Lee Ka-chiu expressed deep sorrow over the passing of former Chinese Premier Zhu Rongji, praising his commitment to Hong Kong's economic and social development. During his time in office, Zhu supported the city in overcoming challenges such as the 1997 Asian financial crisis, maintaining Hong Kong's unity and its reputation as an international financial hub.
Lee recognized Zhu's tireless dedication to Hong Kong's growth and development, noting that the former leader visited the city multiple times and engaged with residents from all walks of life. One memorable dinner with Zhu in 2002 left a lasting impression on many, as he confidently encouraged the city to issue 50-year Hong Kong bonds on the mainland, assuring his presence as the first purchaser.
Former Chief Executive Donald Tsang Yam-kuen recalled Zhu's humorous and approachable demeanor, despite the pressure he faced during those difficult times.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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