Hong Kong To Benefit From Chinese Banks’ Forex Presence

NEWS

HONG KONG--The relocation of Chinese banks’ forex operations will be a boost for Hong Kong as a centre for forex in Asia, say market players.

Hong Kong has traditionally lost out to Singapore and Tokyo as a location for basing forex operations in the region.

But the Chinese forex industry is a welcome addition to the increased presence of international banks as the Asian economy rebounds, say forex staff in Hong Kong.

"Hong Kong has been trailing behind Singapore for a time now," says Michael