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"China lags behind the US in efficiency in much agricultural production," he said. "A proper increase in importation of agricultural products from the US is in the interest of China."

"CHTF offers a great opportunity for us to gain access to advanced technologies. It will help the country to move faster toward its goal of building a technology-driven economy," he said.

"Central to our ambition are direct air links, and the China Dividend study demonstrates that good connectivity is not just about getting people and products from A to B, but the wider impacts that they have on so many aspects of peoples' lives at both ends of the route," he said.

"China is going to march forward. And with China marching forward, the SAR will follow," Ho said.

"But there is no need to be overanxious about the risks as China has a deposit insurance scheme. By taking measures, such as appointing another bank to temporarily manage the bank which undergoes the mergers and acquisitions process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.