Hong Kong bankers are increasingly eyeing opportunities in the Middle East as interest in Asia’s self-acclaimed “World City” increases. This trend is marked by notable developments like the upcoming market forum co-hosted by the Hong Kong Exchange and its Saudi Arabian counterpart. As revealed by Bloomberg, this partnership signals the emerging collaboration between the two regions.
Moreover, Bahrain-based Investcorp Holdings recently unveiled plans to launch a $1 billion fund. This initiative targets Chinese companies listed in Hong Kong, further highlighting increased cross-regional investment strategies.
Bloomberg’s insights noted that the Middle East’s favorable tax environment is a significant catalyst for growing interest as the region’s “zero” income tax starkly contrasts Hong Kong’s 16% maximum rate.
This factor, coupled with the substantial wealth of Gulf countries, promi…
The post Hong Kong Bankers’ Guide to the Middle East appeared first on Coin Edition.
Hong Kong bankers are increasingly eyeing opportunities in the Middle East as interest in Asia’s self-acclaimed “World City” increases. This trend is marked by notable developments like the upcoming market forum co-hosted by the Hong Kong Exchange and its Saudi Arabian counterpart. As revealed by Bloomberg, this partnership signals the emerging collaboration between the two regions.
Moreover, Bahrain-based Investcorp Holdings recently unveiled plans to launch a $1 billion fund. This initiative targets Chinese companies listed in Hong Kong, further highlighting increased cross-regional investment strategies.
Bloomberg’s insights noted that the Middle East’s favorable tax environment is a significant catalyst for growing interest as the region’s “zero” income tax starkly contrasts Hong Kong’s 16% maximum rate.
This factor, coupled with the substantial wealth of Gulf countries, promi…
The post Hong Kong Bankers’ Guide to the Middle East appeared first on Coin Edition.