International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city\u2019s status as a safe haven for global funds and as a free port.<\/p>\n
Financial Secretary Paul Chan Mo-po<\/a> noted on Sunday that in his recent exchanges with business leaders from various countries, they had unanimously criticised the US tariffs, saying they would not only hurt the American economy but also push the country into isolation.US President Donald Trump<\/a> has imposed cumulative tariffs of 145 per cent on all Chinese goods over several escalatory rounds, with the White House also revealing the figure to be as high as 245 per cent on some goods.<\/p>\n Chan, in a post on his official blog, said it had been observed in financial circles that in recent months, international capital was being allocated to the Hong Kong and mainland markets at an accelerated pace. The proportion of foreign investment in some recently listed mainland companies had increased significantly, Chan added.<\/p>\n Some overseas financial institutions had expanded their operations and hiring in Hong Kong, Chan said, noting that some had dispatched senior management to the city.<\/p>\n \u201cInternational investors have a fear of missing out on good timing to invest in mainland China, given the resilience of the national economy, breakthroughs in innovation and technology and the continued deepening of the high-level opening-up policy,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid…\n","protected":false},"author":2,"featured_media":36045,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[20788,51,1395,32,1700,14924,3749,20791,20786,15400,20787,479,53,20789,20792,16,15,978,20790,1018],"class_list":{"0":"post-36044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-association-of-southeast-asian-nations","9":"tag-business","10":"tag-china","11":"tag-donald-trump","12":"tag-economy","13":"tag-esg","14":"tag-hong-kong","15":"tag-one-country","16":"tag-paul-chan","17":"tag-reciprocal-tariffs","18":"tag-tariff-free-policy","19":"tag-tariffs","20":"tag-technology","21":"tag-trade-financing","22":"tag-two-systems","23":"tag-uk","24":"tag-united-kingdom","25":"tag-us","26":"tag-us-authorities","27":"tag-white-house"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114371289659488514","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/36044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=36044"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/36044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/36045"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=36044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=36044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=36044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}