Asia-Pacific Region: Hong Kong's Financial Hub Status Endures Despite Negative Discourse

Asia-Pacific Region's Financial Resilience

The Asia-Pacific region's significance in the global economy continues to grow. Turkish envoy, Consul-General Kerim Sercan Evcin, has stated that the negative discourse surrounding Hong Kong's national security law will not damage its standing as a key financial hub. Evcin notes that despite the backdrop of geopolitical tensions, Hong Kong remains central to the economic landscape.

Hong Kong as a Global Financial Center

• Negative perceptions about Hong Kong fail to reflect its reality.
• Hong Kong's unique position as a financial center is unshakable.
• The 21st century is poised to be the Asian century, elevating Hong Kong's role.

Positive Outlook and Economic Growth

Evcin highlighted that a survey from United Overseas Bank found that 62% of businesses in Hong Kong felt positive about their environment. Additionally, InvestHK has reported a significant increase in foreign investment setups, further illustrating the financial resilience of the region.

Complementarity of Financial Centers

• Hong Kong thrives through its common law system and English legal services.
• Evcin advocates seeing the relationship among Asia-Pacific cities as one of complementarity, not rivalry.
• Projects like the Northern Metropolis and Greater Bay Area initiatives are key for future development.

In summary, Consul-General Evcin asserts that Hong Kong's allure as a global financial center will continue, bolstered by its inherent advantages and the progressive Greater Bay Area framework.