World

Border closures threaten Hong Kong’s financial hub status

In an unprecedented open letter to Hong Kong’s monetary secretary Paul Chan, the Asia Securities Trade and Monetary Markets Affiliation (Asifma) writes: “We concern that if Hong Kong doesn’t develop, and talk, a transparent and significant exit technique from the present zero-case strategy, as is the case in lots of different jurisdictions, Hong Kong dangers dropping its very important worldwide standing.””The federal government should do its utmost to foster knowledgeable dialogue and full consideration of the long-term dangers to livelihoods if its borders stay successfully closed, in distinction to competing worldwide monetary and enterprise centres.”

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