The development of fintech and the strong desire of mainland Chinese companies to go global are conducive to Chinese and international banks setting set up operations in Hong Kong, according to the head of the city’s de facto central bank. “While many international and mainland banks already use Hong Kong as a base to develop…
The development of fintech and the strong desire of mainland Chinese companies to go global are conducive to Chinese and international banks setting set up operations in Hong Kong, according to the head of the city’s de facto central bank. “While many international and mainland banks already use Hong Kong as a base to develop…
Hong Kong and Shanghai, China’s international and domestic financial centres, used to talk about competition more than collaboration. Now the bigger context of geopolitical tension has thrust Hong Kong to the forefront of Beijing’s commercial expansion strategy amid an American tariff and tech war aimed at containing China’ rise. Shanghai and Hong Kong have signed…