FirstFT: Xi Jinping says US and China must ‘coexist in peace’ at White House summit

During a significant White House summit, Chinese President Xi Jinping emphasized the necessity for the US and China to "coexist in peace," highlighting the importance of mutual understanding and cooperation between the two global powers. This statement comes at a time when geopolitical tensions are high, and such dialogues are crucial for steering international relations in a more harmonious direction. Additionally, the newsletter touches on Tencent's new payments app for foreign tourists and HSBC's decision to remove a perk for Hong Kong bankers, underscoring the broader economic and business implications of these developments.