With trillions of US dollars on the line, Hong Kong and London bid to become finance hub of China’s global trade strategy

scmp

Hong Kong and London have locked horns at a two-day high-level forum in Beijing over which city is best placed to act as the ­finance hub for China’s global trade and commerce strategy.

At the first day of the Belt and Road Forum for International Cooperation, Hong Kong Chief Executive Leung Chun-ying ­insisted the city was “the preferred destination” for capital flows from the mainland.

Leung cited the city’s status as the largest offshore settlement centre for yuan trade and its title as the world’s No 1 stock market for new listings in 2016…

Read more : SCMP, 15.05.2017