Hong Kong needs to allow free travel to retain financial hub status: Report


Source: straitstimes.com straitstimes.com

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HONG KONG (REUTERS) - Hong Kong needs to allow financial sector employees to travel freely to retain its global investment and banking hub status, an industry report said, as the city continues to maintain some of the strictest coronavirus regulations in the world. Hong Kong remained a key regional market but it was facing "some of its biggest challenges to date", said the report from the Alternative Investment Management Association (Aima) and PwC released on Tuesday (July 12). The Chinese special administrative region is the largest hedge fund centre in Asia, the report said, with more than half of the...