Hong Kong’s Paul Chan discusses cooperation with global leaders at Davos forum

Hong Kong’s Paul Chan discusses cooperation with global leaders at Davos forum

Hong Kong’s finance chief has discussed strategies to avoid a “new, non-cooperative normal” with more than 70 global political and business leaders at the World Economic Forum’s annual meeting in Davos. Paul Chan Mo-po also promoted the city’s “new advantages” during various meetings with the leaders, according to the financial secretary’s office on Thursday. He…

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China signals it's prepared to double down on support for the economy as Trump tariffs loom

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Conference on Thursday with praise for President…

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US lawmakers urge more scrutiny of Hong Kong banks, say city becoming hub for financial crimes

US lawmakers urge more scrutiny of Hong Kong banks, say city becoming hub for financial crimes

US bipartisan lawmakers have called on their Department of the Treasury to re-evaluate its treatment of Hong Kong banks, accusing the city of becoming a hub for money laundering and evasion of sanctions involving authoritarian countries. In a joint letter sent to US Treasury Secretary Janet Yellen and unveiled on Monday, Republican congressman John Moolenaar…

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