China is pursuing a unique strategy for financial liberalization by gradually integrating with global markets through specific cross-border channels, with Hong Kong acting as a crucial intermediary. This approach, exemplified by the "Connect" model and initiatives like "Delivery Connect," contrasts with the rapid deregulation seen in other emerging economies. Instead, China prioritizes incremental market access while maintaining strict oversight of capital flows and financial risks, using Hong Kong as a testing ground for this distinct model. AI
RANK_REASON The item is an opinion piece discussing China's financial liberalization strategy.
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