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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