Hong Kong’s financial identity is entering a new chapter, shaped as much by strategic alignment as capital flows. By co-launching a US$1 billion investment fund with Saudi Arabia’s Public Investment Fund (PIF), the city is taking one of its most assertive steps yet to redefine Hong Kong’s financial identity in a rapidly changing global economy….
Fitch Ratings-Dubai/Jakarta: The UK will continue as the leading Western hub for Islamic finance, supported by the London Stock Exchange (LSE) serving as a key listing venue for global US dollar sukuk, and the use of English law in governing most international sukuk, Fitch Ratings says. Moreover, the London Metal Exchange is accessed by many…
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Hong Kong has long wanted to promote Islamic finance, but progress has been slow. Now, though, the time is more auspicious as the city seeks to diversify its financial services and business beyond Western or developed economies. At the same time, countries in the Middle East are moving quickly to form new business links with…