Its financial services account to only 12% of the GDP. The consensus is that New York remains the financial capital of the western world. While the 2008 Great Financial Crash saw many major US banks totter on the brink of collapse, they have been able to ... ( read original story ...)
‘No plan’ to quit before budget, Hong Kong finance chief says, keeping tight-lipped about joining chief executive race
Hong Kong’s Financial Secretary remained tight-lipped on his possible candidacy in the coming chief executive race, refusing to be pinned down on whether he would quit before or after delivering the budget. Speaking to reporters ahead of a two-week trip ... ( read original story ...)
Hong Kong’s path to tech hub status is through attracting talent, says former financial secretary
In the race to develop Hong Kong into a technology hub, attracting top talent should take precedence over capital which is already abundant in the city, Antony Leung, former financial secretary of Hong Kong and chairman of Nan Fung Group, said on Wednesday ... ( read original story ...)
Alibaba's financial arm eyes $10b Hong Kong IPO for 2017: Report
Ant Financial is already in talks with the same sponsor team that dealt with parent Alibaba's listing affairs in the United States two years ago, according to a Hong Kong Economic Times report on Thursday, citing unnamed sources close to the matter. ( read original story ...)