久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
China
Home / China / GBA focus

HK’s confident of staying as a major global financial hub

By Oriol Caudevilla | HK EDITION | Updated: 2021-12-28 09:37
Share
Share - WeChat

Hong Kong has just regained the third spot in the latest Global Financial Centres Index published by London-based Z/Yen Group in September. Earlier, the Canada-based Fraser Institute again ranked Hong Kong as the world’s freest economy in the Economic Freedom of the World 2021 Annual Report, based on data collected in 2019.

Hong Kong has been at the top of the annual rankings issued by the Fraser Institute since the organization’s first world economic freedom report was released in 1996. According to the 29th Global Financial Index released in March, the Hong Kong Special Administrative Region was among the world’s top four financial hubs.

HKSAR government data show that the city’s economic recovery was more entrenched in the third quarter of this year, with the real gross domestic product expanding further by 5.4 percent year-on-year as the local COVID-19 situation stabilized along with the continued revival of global economic activities. Exports of goods continued to show year-on-year growth in the third quarter, as consumption-related activities increased.

Hong Kong’s labor market also continued to improve. The seasonally adjusted unemployment rate declined by two-tenths of a percentage point to 4.3 percent between July and September in 2021 — from August to October — while the underemployment rate fell by two-tenths of a percentage point to 1.9 percent. During the same period, the total number of people employed rose by 8,500 to 3,666, 500, and the number of unemployed fell by 8,800 to 171,800.

All this is good news for Hong Kong, especially in such challenging times. Hong Kong remains resilient despite the pandemic and the effects of the city’s social unrest in 2019. But it has been a complicated situation for Hong Kong for almost three years.

Hong Kong has faced unprecedented economic challenges since 2019. Although the city was in great shape in 2017 and 2018, the economic situation soon worsened, with 2019 and 2020 being two of the HKSAR’s most challenging years socially and economically because of the unrest and the pandemic.

However, it’s safe to say Hong Kong’s economy has remained strong despite the huge challenges and has shown signs of a gradual resurrection. Besides the official data released by the HKSAR government, the various global economic indices show there is clear acknowledgement of Hong Kong’s role as one of the world’s premier financial hubs — a hub that is not only able to maintain its position, but enhance it year after year.

The main caveat we should consider, though, is that of inbound tourism. Hong Kong’s inbound tourism has stayed virtually frozen, creating obstacles to a full economic recovery.

Hong Kong’s “zero-COVID” approach in tackling the pandemic has saved many lives and allowed its residents to live more comfortably and safely than people in many other places. The city eventually has to resume normal business with the world since COVID-19 is becoming endemic and is unlikely to disappear from our lives, probably never. More Hong Kong people are getting fully vaccinated amid the spread of new strains of the virus. Hong Kong should start resuming quarantine-free travel with the Chinese mainland first, followed by other economies, as Singapore is doing.

The new Omicron variant indeed poses a grave threat because of its higher transmissibility but, at the same time, Hong Kong cannot afford to live forever without tourism since the HKSAR has occupied the No 1 spot for years in the world’s most-visited-cities rankings. This is due to Hong Kong’s combination of being one of the world’s key financial centers, its enormous attraction for tourists, and the city’s unique geopolitical location as the gateway to the mainland.

Hong Kong’s future, nevertheless, seems bright. Hong Kong is currently involved in many projects that will not only help to keep its status as one of the world’s major financial centers, but also enhance it, such as the Guangdong-Hong Kong-Macao Greater Bay Area development. In the nation’s 14th Five-Year Plan (2021-25), the central government has again recognized Hong Kong’s potential at the national level and reaffirmed its commitment to support the HKSAR in strengthening its position as an international financial, trade and logistics center.

Hong Kong is also strongly developing its financial technology and virtual banking sectors. In June, the Hong Kong Monetary Authority unveiled Fintech 2025 — a strategy aimed at driving Hong Kong’s fintech development in the coming years.

Fintech 2025 aims to encourage the financial sector to adopt technology comprehensively by 2025. As HKMA Chief Executive Eddie Yue Wai-man said, Fintech 2025 will promote the provision of “fair and efficient financial services” for the benefit of Hong Kong residents and the local economy.

Going forward, Hong Kong will continue to be the gateway to the mainland, and also keep and strengthen its status as one of the world’s most important financial centers by adopting the very economic initiatives that are important to the Guangdong-Hong Kong-Macao Greater Bay Area’s development blueprint.

We should be very optimistic about Hong Kong’s current situation, as well as the future, as the city prepares to reopen itself to the world.

The author is a fintech adviser, a researcher and a former business analyst for a Hong Kong publicly listed company.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 三级毛片在线免费观看 | 怡红院在线视频观看 | 亚洲最大网址 | 成人区精品一区二区毛片不卡 | 国产成人福利视频在线观看 | 国产成人综合怡春院精品 | 窝窝午夜精品一区二区 | 国产成人精品高清在线 | 免费观看a级毛片在线播放 免费观看a级网站 | 日韩免费一区二区三区在线 | 免费一级性片 | 久国产精品视频 | 最新毛片久热97免费精品视频 | 国产精品久久久久久久久久久久久久 | www一级片 | 亚洲精品国产高清不卡在线 | 全免费毛片在线播放 | 黄黄的网站在线观看 | 欧美精品人爱c欧美精品 | 一级做a爰 | 国产三级网站在线观看 | 精品一区二区三区的国产在线观看 | 97免费视频免费视频 | 日韩亚洲欧美一区噜噜噜 | 日韩欧美在线视频 | 一本色道久久综合亚洲精品 | 日美三级 | 国产成人丝袜视频在线视频 | 免费人成在线观看网站视频 | 欧美人成在线观看 | 精品欧美成人高清视频在线观看 | 亚洲视频二| 欧美亚洲精品一区 | 男人的天堂在线观看视频不卡 | 全部孕妇毛片丰满孕妇孕交 | 国产成人亚洲精品77 | 久久久久欧美精品网站 | 国产精品高清视亚洲精品 | 国产精品hd在线播放 | 黄色欧美网站 | 美女张开腿让男人 |