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Hong Kong Courts the rich as China tightens its grip


 
Alexandra Stevenson, The New York Times 
Published: 07 Apr 2021 01:24 PM BdST
Updated: 07 Apr 2021 01:24 PM BdST
The Hong Kong skyline on the evening of Oct 10, 2020. The New York Times
Political opposition has been quashed. Free speech has been stifled. The independent court system may be next.
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But while Hong Kong’s top leaders take a tougher line on the city of more than 7 million people, they are courting a crucial constituency: the rich. Top officials are preparing a new tax break and other sweeteners to portray Hong Kong as the premier place in Asia to make money, despite the Chinese Communist Party’s increasingly autocratic rule. ....

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Hong Kong, Morocco investment promotion groups sign pact


Hong Kong’s Financial Services Development Council (FSDC) has signed an agreement with a quasi-government body in Casablanca, the largest city in Morocco, to collaborate on financial services.
The memorandum of understanding “provides a framework in which to share best practices and knowledge” and it will “facilitate further development of expertise, within financial education, training programmes, and many other sectors”, the FSDC and the Casablanca Finance City Authority (CFCA) say in a joint statement on March 10.
The CFCA seeks to promote Casablanca as a regional financial hub in Africa.
“Hong Kong ranks amongst the top financial centres worldwide. Our aim is to develop a strong and lasting relationship that will provide businesses and economic operators a solid basis for strengthening investment and trade between Asia, Morocco, and African countries,” CFCA Chief Executive Officer Said Ibrahimi says in the statement. ....

Grand Casablanca , Hong Kong , Laurence Li , Casablanca Finance City Authority , Hong Kong Financial Services Development Council , Moroccan Foreign Exchange Office , Financial Services Development Council , Executive Officer Said Ibrahimi , மாபெரும் கேசப்ளாஞ்ச , ஹாங் காங் , லாரன்ஸ் லி , கேசப்ளாஞ்ச நிதி நகரம் அதிகாரம் , ஹாங் காங் நிதி சேவைகள் வளர்ச்சி சபை , மொராக்கோ வெளிநாட்டு பரிமாற்றம் அலுவலகம் , நிதி சேவைகள் வளர்ச்சி சபை , நிர்வாகி அதிகாரி கூறினார் இப்ராஹிமி ,