Hong Kong Forex Association Urges Measures To Compete With Singapore

ASSOCIATIONS

The Hong Kong Forex Association has come out strongly in favour of measures suggested by the Hong Kong Monetary Authority's chief executive, Joseph C.K. Yam, to improve Hong Kong's competitive position against other Asian centres, particularly Singapore.

The Forex Association says it supports Yam's proposal to set up a HKMA-led task force to devise a strategy for strengthening Hong Kong as a financial centre in the rapidly-growing Asia-Pacific region, before and beyond 1997.

FX Week received