Singapore replaces Hong Kong as Asia’s top finance centre | Daily Express Online - Sabah's Leading News Portal

SINGAPORE: . Singapore jumped three places to third in the twice-a-year Global Financial Centres Index which assesses 119 cities around the world and was published late Thursday. Hong Kong has adhered to a version of China’s strict zero-Covid rules throughout the pandemic, battering the economy and deepening a brain drain as rival business hubs reopen.The city still mandates three days of hotel quarantine for all international arrivals while its border with the Chinese mainland is mostly closed.

In a 600-word statement responding to the latest GFCI ranking, Hong Kong’s government focused on the city scoring a higher points rating than the year before.“We will continue to listen to views and be bold in taking forward reforms to consolidate and strengthen Hong Kong’s capital market and our role as an international financial centre,” the government said. The statement did not mention the coronavirus or the ongoing pandemic controls.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

‘Very high chance’ Hong Kong will end year in recession, says finance chiefHONG KONG, Sept 22 — Hong Kong is set to end the year in the midst of a full-blown recession, the city’s finance chief warned Thursday, as Covid-19 controls and spiralling...
Fonte: malaymail - 🏆 1. / 86 Leggi di più »

Hong Kong finance chief warns of high chance of recession by year-endThe Fed's hawkish rate hikes, aimed at curbing soaring inflation, come at an especially difficult time for Hong Kong, dampening sentiment when the economy is already struggling. theSun thesundaily HongKong interestrates inflation
Fonte: theSundaily - 🏆 25. / 51 Leggi di più »