HONG KONG IS QUIETLY making deep connections to both Mainland China and the wider world to secure its future.
The city is:
Testing next-generation Chinese government digital currency for use in cross-border payments; Gathering mainland currency to a level of almost one trillion renminbi; Issuing bonds for China’s stand-out performers, such as Shenzhen and Hainan…
Cheeky Hong Kong keeps its U.S. dollar peg while quietly making yuan deals with Saudi Arabia and the UAE, with implications for the future of both currencies. The growing teamwork between China and the middle eastern nations will have profound effects, causing a shift in global power, says Sanjeev Aaron Williams.
AND HONG KONG FIGHTS…
GET READY for a business boost. Hong Kong is set to join the world’s biggest trading bloc.
RCEP economies. Image by Tiger/ Wikimedia Commons
The move means Hong Kong people will find tariff-free open doors for services and goods across Asia Pacific, the world’s fastest growing region, with a gross domestic product of US$38 trillion.
The…
THE STRUGGLE TO KEEP Hong Kong safe is not over, the city’s leader John Lee Ka-chiu said. “There are still underlying national security threats from different fronts,” he warned.
In response, the city is putting more resources into intelligence gathering, the Chief Executive told a conference. “We will step up efforts in gathering and…
Much optimism about the future of Hong Kong and the wider world was expressed by a range of expert participants at a high-powered forum which featured the city's new leader John Lee Ka-chiu yesterday (November 2, 2022).
Scroll down for a detailed "press briefing" summary of the conference from the Friday Culture team.
Click…
A RECENT ARTICLE in the Economist titled "Stay neutral, love the party" said that the Central Government of China had “no abundant trust” in Hong Kong’s civil service. It said Chief Executive-elect Mr. John Lee Ka-chiu would appoint fewer administrative officers (AOs), the elite rank of civil servants to be his cabinet members. And as…
HONG KONG'S FORMER Chief Secretary of Administration John Lee Ka-chiu is most likely to become the next chief executive of the special administrative region. As expected, the Hong Kong public is abuzz with expectations for the new government. But what about the government’s expectations for the public? As John F. Kennedy famously said, “Ask not…