HONG KONG – As Wall Street’s biggest bosses gathered on a panel at Hong Kong’s big financial comeback summit, one topic was conspicuously avoided: China’s growing risks.
“Don’t bet against China,” Mr Fang Xinghai, a vice-chairman of the China Securities Regulatory Commission, said in a recorded interview to the gathering of more than 200 top financiers.One executive to touch on the subject was UBS Group chairman Colm Kelleher, who said he does not read the American press and is “very pro-China”.
Mr Fang stressed that China would continue its opening, as it still doesn’t have enough high-quality institutional investors. “We want to share China’s growth with the rest of the world,” he said.Hong Kong’s leader, Mr John Lee, also took the opportunity in his keynote speech to highlight Hong Kong as an irreplaceable connection between the mainland and the rest of the world. Still, the city has lost ground as a financial hub, in particular to Singapore where money and talent is pouring in.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese securities official says 'opening markets is good for China'HONG KONG : A Chinese securities official said opening markets is good for China. Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said China will continue to welcome foreign institutions and also hope that more international companies will list in Hong Kong. Fang, making But they are closing their market on you.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China bank regulator encourages foreign capital to cooperate with Chinese entitiesHONG KONG/BEIJING : China's banking regulator encourages foreign capital to cooperate with Chinese entities, said Xiao Yuanqi, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC).Xiao also told a conference in Hong Kong on Wednesday that the regulator supports Chinese banks to g
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Evergrande chairman's Hong Kong mansion seized by bank - media reportHONG KONG : A mansion belonging to embattled China Evergrande Group's chairman in Hong Kong's prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), local online news outlet HK01 reported on Thursday.The report did not say when the 5,000 square-foot (465 square- ， d--'---;zz c zzzz ','zz xz,， --,:'zzz--在zz,,-, z ,c, 。， - 这种--， ，， z 在，，， ，'x,,,--- ,,, 在，--，-这种，在，9，这种，: ， , -, '
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bank seizes Evergrande chairman’s $126m Hong Kong mansion, says online news firmThe mansion, with sweeping views of Hong Kong’s skyline, has been pledged to repay an overdue bond. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Singapore and Hong Kong compete, but also mutually benefit from each other: Ong Ye KungSINGAPORE: While Singapore and Hong Kong’s companies and sectors compete, they also mutually benefit from each other to an even greater extent - both strategically and in the long term, said Singapore Minister for Health Ong Ye Kung on Thursday (Nov 3). Speaking at the inaugural South China Morning Post Says the guy who couldn’t handle the hospital resources in 2 years
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »