Henry Tang Ying-yen then added, "But since Hong Kong will be responsible for the management of the loop, Hong Kong’s intellectual property rights legislation will be applied."
Interestingly, Henry Tang Ying-yen said he saw no point in developing financial services in the loop as most deals now can be concluded through the internet.
Shenzhen mayor Xu Zongheng said earlier this month he has his own ideas about the Loop but it was too early to reveal them.
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