Border closures threaten Hong Kong’s financial center status

In a unprecedented open letter To Hong Kong Finance Secretary Paul Chan, the Asia Securities Industry and Financial Markets Association (Asifma) writes: “We fear that if Hong Kong does not develop, and communicate, a clear and meaningful exit strategy from the approach current case zero, as is the case in many other jurisdictions, Hong Kong risks losing its vital international status. “” The government should do everything possible to encourage informed dialogue and full consideration of long-term risks. for livelihoods if its borders remain effectively closed, unlike competing international business and financial centers. “

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