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Inside Citi's New Wealth Hub in Singapore for High-Net-Worth Clients

Inside Citi's New Wealth Hub in Singapore for High-Net-Worth Clients
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

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The Changing Status of Hong Kong as a Global Financial Center

The Changing Status of Hong Kong as a Global Financial Center
The Changing Status of Hong Kong as a Global Financial Center
December 18, 2020 Posted by China Briefing
Reading Time:
4 minutes
Op-Ed by Mark Preen
In recent years, Hong Kong and its economy have experienced turbulence. The territory’s real GDP contracted by 1.2 percent in 2019, following the impact of anti-government protests, and the IMF projects that Hong Kong’s economy will contract by a whopping 7.5 percent in 2020 due to the COVID-19 outbreak. In response to the protests, Beijing enacted a National Security Law in June of this year. While the impact of COVID-19 is likely to be short to medium-term, the region’s sociopolitical tensions have raised concerns about the long-term economic credibility of Hong Kong, including its status as a global financial center. ....

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