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WorldNovember 3 2014

Hong Kong retains competitive advantage

Hong Kong’s banks are unfazed by the student protests that have captured the world’s attention. Bankers remain upbeat about prospects for the continuing internationalisation of the renminbi, the maturing dim sum market and Hong Kong’s inclusion in China’s growth plans. 
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Hong Kong retains competitive advantage

On the 50th floor of an international bank’s Hong Kong headquarters, its CEO is showing off the view. “You could see all the protests from up here last week when Queensway was occupied,” he says.

It is rather surreal to be looking down at what had been one of the hubs of Hong Kong’s pro-democracy protests, while talking about markets, growth and expansionary strategies. This surrealism, however, defines the way in which the financial sector navigated the Hong Kong student-led demonstrations.

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