Amid geopolitical tensions, city can help mainland firms that are struggling to raise funds abroad, financial secretary says.
Chan and Qi spoke at the Guangdong-Hong Kong-Macau Greater Bay Area Listed Companies Summit 2024 in Hong Kong.“We hope that listed companies in the Greater Bay Area will actively leverage Hong Kong’s advantages, using Hong Kong as a base for overseas expansion,” Qi said.“While consolidating markets in Europe and the United States, they should also join hands to explore emerging markets such as Asean, the Middle East, and Latin America.
Qi Bin, the newly installed deputy at the central government’s liaison office in Hong Kong, reiterated that top leaders support the Greater Bay Area and said the region and listed enterprises should better support the “integrated development” of Hong Kong and the mainland.“The Guangdong-Hong Kong-Macau Greater Bay Area is home to 5,000 listed companies and has played a significant role in participating in the construction of major cooperation platforms, deepening financial connectivity between the two regions, and promoting financial and trade collaboration between them,” Qi said.
The story "Hong Kong to boost financial reforms to aid Chinese firms, Paul Chan says" has 281 words across 3 sentences, which will take approximately 2 - 3 minutes for the average person to read.
Which news outlet covered this story?
The story "Hong Kong to boost financial reforms to aid Chinese firms, Paul Chan says" was covered 2 hours ago by SCMP, a news publisher based in Hong Kong.
How trustworthy is 'SCMP' news outlet?
SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.
The outlet is headquartered in Hong Kong and publishes an average of 11 news stories per day.
It's most recent story was published 3 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
