EU budget chief pitches collaboration and bonds on Hong Kong leg of Asia tour

The European Union will remain open to capital from mainland China and Hong Kong even as the bloc pursues a “de-risking” strategy in certain key sectors, its budget chief has said on his first visit to the city.Piotr Serafin, the European commissioner for budget, anti-fraud and public administration, also said that the EU was keen to explore opportunities for financial collaboration with Hong Kong in areas such as green bonds, describing the city as a “bridge” to Asia.It is understood that Serafin’s trip, which ran from Sunday to Wednesday morning, marked the first time a member of the EU’s executive cabinet had visited the city since before the Covid-19 pandemic.