For decades, New York and London have defined the flow of global capital. But while markets still chase short-term returns in US equities, the next great wave of productive investment is taking shape in East Asia, led by China’s financing, manufacturing and export of the clean technologies that are remaking the global economy. That contrast…
Global trade tensions, stoked by China-US tariffs, are settling into a steadier balance as the world braces for fresh challenges from rapid technological disruptions, financial leaders said on Tuesday at a summit in Hong Kong. The China-US relationship had entered into a more “stable equilibrium” after last week’s talks between the leaders of the world’s…
Hong Kong’s strong tourism rebound has driven a steady recovery in retail sales and the government will keep up the momentum with a packed calendar of mega-events in the coming months, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday the government would work with different sectors to attract more…
Public museums in Hong Kong are probably no match for New York’s Metropolitan Museum of Art in terms of treasures and appeal. But that does not deter the government from pursuing the tall order of opening up some of its venues to commercial or private events in the same vein as the annual Met Gala,…