At Sibos 2024 in Beijing, James Alistair Fok, Chief Commercial Officer of the Central Moneymarkets Unit at the Hong Kong Monetary Authority, shared his vision for China’s economic future with CGTN's Michael Wang. 🌟
Fok emphasized that long-term prosperity hinges on innovation. He highlighted China's booming electric vehicle revolution and the transformative changes sweeping through urban landscapes. 🏙️🔋
Beyond innovation, Fok pointed out the critical need for financial diversification. By expanding Hong Kong's financial center and supporting the global growth of Chinese custodian banks, the HKMA aims to meet rising cross-border investment demands and ensure a resilient economic landscape. 🌐💹
As the world evolves, the HKMA's strategies position Hong Kong and China at the forefront of economic growth and technological advancement. Stay tuned for more updates on how these initiatives will shape our future! ✨
