Hong Kong will remain ‘extremely important’ financial centre despite short-term security law fallout: Andrew Sheng

Hong Kong will remain ‘extremely important’ financial centre despite short-term security law fallout: Andrew Sheng

Hong Kong will remain an “extremely important” international financial centre because of its proximity and access to China, despite short-term difficulties related to its new security law, a former leading city financial official said on Wednesday.“As long as China is growing – it is already the world’s largest trading nation and its saving rate is one of the highest in the world – all western banks and asset managers will want to flood into China to manage this large savings pool. And China…


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