While the border reopening between the Chinese mainland and Hong Kong topped the agenda of the annual report delivered by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) government, local media have reported that some ports have already begun preparing for normal operations, and a senior official confirmed with Global Times that the border resumption is in sight.
Chinese stocks moved in a narrow range on Wednesday, while Hong Kong shares tracked small gains by Asian peers ahead of the festive season, as further relaxations of COVID-19 curbs by China marginally improved investor confidence. Asian stocks, trying to get into a festive mood, managed small gains.