US Advisory: Hong Kong's Business Environment Remains Resilient
US Advisory Impact on Hong Kong's Business Landscape
In light of the recent US advisory on Hong Kong, many analysts and business leaders assert that the potential risks will not significantly alter the business climate. Wingco Lo Kam-wing, president of the Chinese Manufacturers’ Association of Hong Kong, noted that the impact of the US advisory remains limited, and companies prioritizing profits will continue to find ways to operate effectively.
Key Insights from Business Leaders
- Professor Terence Chong Tai-leung emphasizes that many foreign firms are not engaged in dual-use goods trade and see profitability in Hong Kong.
- Lau Siu-kai highlights that unilateral US sanctions are not recognized by the United Nations and pose no obligation for Hong Kong.
- Justifying their presence, over 30 US companies have established or expanded operations in the city recently, showcasing ongoing foreign interest.
Conclusion: Maintaining Confidence in Hong Kong
With a robust financial structure, Hong Kong is expected to maintain its status as an international financial hub. Christopher Hui Ching-yu, head of the treasury, reaffirmed confidence in the city’s economic prospects despite external challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.