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Hong Kong urged to court Middle East amid US-China tensions


In response to geopolitical tension between the US and China, the Chamber of Hong Kong Listed Companies has suggested that Hong Kong should seek out the Middle East as a capital source to solidify its position as an international finance hub. Catherine Leung, the chairperson, noted that while the US represents a substantial capital pool, it is currently under-utilised in Hong Kong. She called on the Hong Kong government to urgently develop a strategy for engaging with the Middle East. Lyndon Chao, of the Asia Securities Industry & Financial Markets Association, urged Hong Kong to leverage its history as an open financial centre and continue to use English to maintain its international standing.

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