China Rubber Stamps Hong Kong Elections Overhaul

The transcript discusses significant political changes in Hong Kong, with the National People's Congress passing a bill to overhaul the election system, emphasizing governance by patriots. This marks a major shift since Hong Kong's return to China in 1997. Additionally, China's strategy on technology and fintech is explored, highlighting increased R&D investments and a crackdown on fintech companies like Ant Group to manage financial risks.

What is the Chinese government's stance on technology and research and development as mentioned in the press conference?

How does the crackdown on fintech companies like Ant Group affect China's technology sector?