Hong Kong seeks to beef up status as financial hub

Quick Summary:

Business leaders, lawmakers and academics in Hong Kong have thrown their weight behind the city’s bid to seize opportunities arising from offshore yuan financing, Belt and Road fund-raising, financial technology applications and the "finance-plus-technology” development model to strengthen its status as a world financial hub.

The key strategies were mentioned in a resolution adopted at the third plenary session of the 20th Central Committee of the Communist Party of China in July.

The central government now has a vision for Hong Kong amid an evolving global political and economic landscape.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongOmanUnited States

Topics: HongKongFinance DigitalCurrencies FintechDevelopment GreenFinance Economy BeltAndRoad /Business/Business News OffshoreYuan GlobalFinancialHub

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 00:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21973786

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 86 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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