Arab Today, arab today c y leung hong kong well positioned to benefit from global economic gravity shift
Last Updated : GMT 12:54:10
Arab Today, arab today
Arab Today, arab today

C Y Leung: Hong Kong well positioned to benefit from global economic gravity shift

Arab Today, arab today

Arab Today, arab today C Y Leung: Hong Kong well positioned to benefit from global economic gravity shift

Hong Kong - XINHUA

Hong Kong is in a \"strong position\" to take advantage of the shifting center of global economic gravity from the West to the East, the city\'s Chief Executive C Y Leung said here Wednesday. Addressing a luncheon held by the Hong Kong Association of Banks, Leung said despite the global financial crisis, Hong Kong\'s banking sector continues to be the driving force in deepening, expanding and diversifying financial services in the city. He said the accumulation of wealth and foreign exchange reserve on the Chinese mainland and in Asia has generated strong demand for world-class financial services. \"Serving as China\'s global financial center at a time of such profound change and progress, represent a historic responsibility and a huge opportunity for Hong Kong,\" Leung said. He said under a strong regulatory framework and transparent supervision, the city\'s banking sector is well capitalized, liquid and profitable, adding that the interbank money market has well established and the size of private banking system is also on the rise. According to the data, Hong Kong\'s financial services industry currently employs around 230,000 people, or 6 percent of the total workforce, having contributed 16 percent of the city\'s total GDP. Leung said the Hong Kong government regards the promotion of the economic development as the top priority, and only through sustained and relatively high economic growth can Hong Kong move to the next level of development, and become more resilient to external financial shocks or economic challenges.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today c y leung hong kong well positioned to benefit from global economic gravity shift Arab Today, arab today c y leung hong kong well positioned to benefit from global economic gravity shift

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today c y leung hong kong well positioned to benefit from global economic gravity shift Arab Today, arab today c y leung hong kong well positioned to benefit from global economic gravity shift

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday