The Democratic Alliance for the Betterment and Progress of Hong Kong said the change would improve convenience for Hong Kong people in accessing services on the Chinese mainland. It would also contribute to "a better sense of belonging" among Hong Kong people, making them more willing to participate in the country's development, the party said.
The Dow Jones Industrial Average sank 205.49 points, or 0.77 percent, to close at 26,379.28. The S&P 500 was down 20.97 points, or 0.65 percent, to 3,218.44. The Nasdaq Composite Index fell 134.18 points, or 1.27 percent, to 10,402.09.
The Chinese official also expressed wishes to boost the development of the Belt and Road Initiative to strengthen the pragmatic cooperation between the two militaries and jointly maintain peace and stability in the border areas.
The Chinese smartphone market is reaching a saturation point, which in turn has prompted companies to make ambitious overseas plans. Honor, a smartphone brand of Huawei, said it aims to increase the contribution of its overseas revenue to total revenue from 15 percent in 2017 to 50 percent by 2020.
The Dow Jones Industrial Average increased 143.78 points, or 0.51 percent, to 28,399.81. The S&P 500 was up 23.4 points, or 0.73 percent, to 3,248.92. The Nasdaq Composite Index was up 122.47 points, or 1.34 percent, to 9,273.4.
The DPRK accepted South Korea's dialogue overture Friday, agreeing to hold senior-level, inter-governmental talks Tuesday at Peace House in the South Korean side of Panmunjom that straddles the inter-Korean land border.
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The Dow Jones Industrial Average traded up 200.14 points in early trading, or 0.88 percent, to 22,847.20. The S&P 500 rose 0.73 percent and the Nasdaq Composite rose 0.76 percent.
The Columbia professor said he is confident about the future of China's reform and opening-up.
The Cross-Harbour Tunnel, connecting Hung Hom and Causeway Bay on Hong Kong Island, has been repeatedly vandalized by radical protesters since August.
The DPRK accepted South Korea's dialogue overture Friday, agreeing to hold senior-level, inter-governmental talks Tuesday at Peace House in the South Korean side of Panmunjom that straddles the inter-Korean land border.