China's reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says

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China's reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says
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Hong Kong markets are set to benefit from the reopening of the Chinese economy, despite Beijing's disappointing annual GDP growth rate in 2022, according to HKEX Chairman Laura Cha.

The Chinese GDP grew by 3% last year, the National Bureau of Statistics said Tuesday, slightly surpassing the expectations of a Reuters poll but sitting well below the official target of around 5.5%.

The Hong Kong Hang Seng index led Asia losses on Tuesday after the release, but Cha told CNBC that the reopening of China's borders at the very end of 2022 will lead to a strong rebound. Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange , on January 21, 2021 in Hong Kong, China.Hong Kong markets are set to benefit from the

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