Posted on Nov 5, 2021 at 6:18 amUpdated Nov 5, 2021, 7:11 AM
“Hong Kong risks losing its indispensable international status. The largest financial lobby in Asia does not mince words to warn of the threat hanging over the financial center of Hong Kong. Asifma, which brings together 155 leading financial institutions including Goldman Sachs, BlackRock, Amundi and BNP Paribas, fears the worst for the future of the city-state.
In question, the growing alignment of the city with mainland China, in particular in health matters. Carrie Lam, head of the local executive, has made reopening the border with China her priority. To the chagrin of the multinationals present in Hong Kong, while Beijing prefers to isolate itself from the rest of the world as part of its “zero covid” strategy.
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