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Hong Kong Pushes for Asian Investment – The Age


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Hong Kong’s economic prosperity was tied to the Chinese mainland and the city would become a global hub for transactions in the yuan


Pedestrians walk in near deserted Lan Kwai Fong entertainment district on Hong Kong island. Photo: AFP.

 

As Western cash heads for the exits, Hong Kong financial secretary Paul Chan has urged Asian investors to funnel money back into the city, The Age reported.

Chan said Hong Kong’s economic prosperity was tied to the Chinese mainland and the city would become a global hub for transactions in the yuan.

Read the full report: The Age.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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