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 Wong
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