Hong Kong property sector could face challenges but ‘risks are manageable’: FSDC chair

Hong Kong property sector could face challenges but ‘risks are manageable’: FSDC chair

Hong Kong’s property sector could face some “short-term challenges” but “the risks are manageable” because the city’s economy was diversified and sat on a solid foundation, the chairman of the Financial Services Development Council (FSDC) said on Wednesday. “As an international financial centre, the global uncertainties would mean some Hong Kong industries would face certain…

Read More
Global investors turn to Hong Kong funds for returns amid geopolitical tensions

Global investors turn to Hong Kong funds for returns amid geopolitical tensions

Hong Kong’s fund industry will continue to attract strong inflows as international investors use the city as a “safe harbour” amid rising geopolitical tensions, according to officials and fund managers. Financial Secretary Paul Chan Mo-po said the Middle East offered huge opportunities for Hong Kong despite the recent flare-up in the region. On Saturday, the…

Read More