Hong Kong's global financial status is at risk, report says

France Nouvelles Nouvelles

Hong Kong's global financial status is at risk, report says
France Dernières Nouvelles,France Actualités
  • 📰 axios
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

A report recommends the Hong Kong business community use collective lobbying to communicate their concerns to Hong Kong authorities.

which was established in 1983 and paved the way for open capital flows in and out of the city. It's very unusual for one country to have two separate currencies, and the end of "one country, two systems" raises new questions about the long-term future of Hong Kong's currency.

Though still unlikely, removing the U.S. peg and replacing it with a peg to the renminbi could result in capital controls being placed on Hong Kong, reducing its viability as a financial center.as both the U.S. and Beijing implement sometimes-contradictory sanctions that apply to Hong Kong businesses. For example, China's new anti-foreign sanctions law could in theory punish businesses for abiding by U.S. sanctions.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

axios /  🏆 302. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hong Kong’s FILMART 2023 Showcases a New Era of Homegrown BlockbustersHong Kong’s FILMART 2023 Showcases a New Era of Homegrown BlockbustersAfter three consecutive years of hosting its programming virtually, the Hong Kong International Film & TV Market (FILMART) is making its physical return at its home venue, the Hong Kong Convent…
Lire la suite »

Hong Kong’s losses to crypto scams doubled to $217M last year: ReportHong Kong’s losses to crypto scams doubled to $217M last year: ReportAs Hong Kong works to become a global crypto hub, the local police reported a notable increase in the use of crypto as a medium for online scams.
Lire la suite »

Hong Kong loses lustre as retail units go vacant and big brands look to ChinaHong Kong loses lustre as retail units go vacant and big brands look to ChinaHong Kong, one of the world's top luxury shopping destinations, is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China.
Lire la suite »

Woman arrested in gruesome killing of Hong Kong modelWoman arrested in gruesome killing of Hong Kong modelHONG KONG (AP) — A woman accused of assisting a suspect in the gruesome killing and dismemberment of model Abby Choi in Hong Kong has been arrested in mainland China, Hong Kong police said Tuesday.
Lire la suite »

Arrest made in relation to gruesome killing, dismemberment of Hong Kong modelArrest made in relation to gruesome killing, dismemberment of Hong Kong modelAnother person has been arrested in Hong Kong model Abby Choi’s gruesome killing. At total of seven suspects have been arrested including her ex-husband and his family members.
Lire la suite »

Woman arrested in killing, dismemberment of model Abby Choi in Hong Kong — the 7th person linked to the crimeWoman arrested in killing, dismemberment of model Abby Choi in Hong Kong — the 7th person linked to the crimeA woman accused of assisting a suspect in the gruesome killing and dismemberment of model Abby Choi in Hong Kong has been arrested, bringing the total number of people allegedly involved in the case to seven.
Lire la suite »



Render Time: 2025-03-05 02:26:04