The Financial Secretary of Hong Kong, Paul Chan, released an essay by the Secretary, in which he said that last week he led a delegation to Riyadh, Saudi Arabia, which was fruitful. The Hong Kong Monetary Authority and the Saudi Arabian Public Investment Fund (PIF) signed a memorandum of understanding to jointly set up a US $1 billion investment fund to invest in the Saudi business of Hong Kong and Guangdong-Hong Kong-Macao Greater Bay Area companies in the fields of manufacturing, renewable ene...
Hong Kong Financial Secretary Paul Chan released an essay by the Secretary, which pointed out that the Federal Reserve cut interest rates by 50 basis points last week, the first time in more than four years, and many major central banks around the world have also cut interest rates earlier.