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Paul Chan: HK Can Serve as 'Safe Haven' as Capital Freely Flows and Exchange Rate Stable
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The US and Israel launched military attacks on Iran, after which Hong Kong's Financial Secretary Paul Chan projected that this will have immense repercussions on financial markets, with market volatility being inevitable. However, he believed that Hong Kong's capital can flow freely, and with a stable exchange rate, it is poised to serve as a "safe haven". Chan mentioned that Hong Kong needs to work hard to excel in its own tasks, assisting good companies to come to Hong Kong. Moreover, Saudi Arabia is increasingly interested in diversifying its asset allocation, which presents development opportunities for consulting and construction companies in Hong Kong. AASTOCKS Financial News Website: www.aastocks.com |
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