Hong Kong eager to dispel complacency claims
Undersecretary Julia Leung points to advantages that the city has over Shanghai, although an HKIFA summit hears competitive pressures will increase once the RMB is liberalised.
Hong Kong’s undersecretary for financial services and the treasury, Julia Leung, has spoken out against accusations that Hong Kong is complacent over its position as China’s international financial hub amid rising competitive pressure from Shanghai.
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