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Security law brings Hong Kong’s future as business hub into question

Pelican Press

By Pelican Press,
in World News

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Security law brings Hong Kong’s future as business hub into question

The city should not be discounted as an international financial hub, says Kevin Tsui, chief economist at the research firm Orientis. He adds that Hong Kong should make use of its advantages – a simple, low-rate tax system, and the fact that it’s the only ******** city with no foreign exchange controls. The Hong Kong dollar is also pegged to the US dollar, providing financial stability.



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