BUSINESS · AI-ASSISTED SUMMARY
Hong Kong's Gateway Role Praised by Global Bank Leaders
WHY IT MATTERS
Hong Kong's gateway role is crucial in helping countries manage dependencies and facilitating international financial flows, making it a key player in global finance.
What happened
Global bank leaders have commended Hong Kong for its role as a gateway between the mainland and the rest of the world. At a panel meeting, State Street chairman Ronald O'Hanley noted that trade patterns have changed due to uncertainties brought by the pandemic and global conflicts.
He highlighted Hong Kong's significance in facilitating two-way financial flows and minimising risks. Barclays group chief executive C S Venkatakrishnan added that Hong Kong's fair and transparent regulation promotes growth and makes it easy for people to operate.
BNP Paribas chairman Jean Lemierre noted that more mainland firms are operating in Europe, with Hong Kong acting as a bridge between China and Europe.
LINKED SOURCES
Financial institutions laud HK's gateway guardianship
RTHK Finance News · Discovery only; RTHK copyright terms apply
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