Hong Kong should use ‘safe haven’ status to draw capital from Gulf: agency chief
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InvestHK Director General Alpha Lau believes Hong Kong should capitalize on its "safe haven" status to attract capital from the Gulf, particularly as companies diversify risk amid Middle East conflict. Lau stated that businesses are becoming cautious about expanding operations due to rising costs and uncertainty stemming from the US-Israel war on Iran and attacks in Dubai. She suggests Hong Kong can draw foreign capital from Dubai, even with its incentives, by offering stability. Lau noted that companies and sovereign funds are already showing interest in shifting investments to Hong Kong and other Asian countries with strong economic growth, seeking diversification. This shift began even before the recent escalation of conflict.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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