Hong Kong must invest in Africa-Asia financial corridor, government adviser FSDC urges

AI Summary
A Hong Kong government advisory council, the FSDC, is urging the city to invest in developing a financial corridor between Asia and Africa. The FSDC suggests Hong Kong connect its capital markets with African financial centers to facilitate fundraising for companies and Belt and Road Initiative projects. The council highlights Hong Kong's potential as a hub for wealthy Africans to establish family offices, citing government incentives to attract them. The FSDC report identifies Kenya, Morocco, Nigeria, and Rwanda as potential entry points for Asian and Hong Kong investors due to their stable economies and financial infrastructures. This initiative aims to capitalize on the growing Asia-Africa economic integration and Hong Kong's role as a gateway for investment.
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