Hong Kong’s first major financial summit since the start of the pandemic just concluded with rousing declarations that the “worst is behind us” and that the city is still the most important business center in Asia.
with a “low viral load,” after returning from a Middle East business trip. Officials denied that he had received any special treatment.
While “the summit is a good start” for the city’s resurgence, economist Gary Ng of Natixis noted that the discussions didn’t address concrete plans for further easing pandemic policies. Follow-up action on lifting the restrictions is “the most important,” he said., said Laurence Li, chairman of the Financial Services Development Council.
Some U.S. lawmakers had urged American bankers not to participate to avoid legitimizing China’s crackdown on pro-democracy activists. There was no formal discussion during the summit of Hong Kong’s declining rule of law under Chinese control.To Hong Kong citizens like Owen Ng, everything about the summit seemed remote, if not irrelevant.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese tech sector leads Hong Kong market reboundBloomberg reported Friday that U.S. regulatory officials finished on-site inspection of Chinese companies ahead of schedule and may leave Hong Kong as early...
Read more »
Doctored clip goes viral with false claim it shows 2020 Hong Kong bus incidentA doctored video has been viewed millions of times in social media posts that falsely claim it shows a dangerous driving incident that led to the apprehension of a Hong Kong bus driver in 2020. In reality, the video was filmed in Japan and has been uploaded to YouTube since at least 2011. It has been digitally sped up and altered to add Cantonese-language audio of screaming passengers.
Read more »
HSBC and StanChart give Hong Kong sport trial runThe Rugby Sevens, sponsored by the $103 bln lender led by Noel Quinn, is back, but as a shadow of its schmoozefest self. Meanwhile the bank Bill Winters sits atop is offering cash to encourage runners at the local marathon. Both show how the city faces a long slog back to normal.
Read more »
Hong Kong Film Development Council Launches Two Funding Schemes To Boost Asian Co-productions, Streaming ContentHong Kong’s government is introducing two new funding schemes under the Hong Kong Film Development Council (HKFDC) aimed at boosting co-productions with other Asian countries and to support the pro…
Read more »
Hong Kong Launching Film, Streaming Production Support SchemesHong Kong is launching two new film and streaming support schemes, one for cross-border productions, the other for development of streaming content. The maximum total value of the two schemes is $1…
Read more »