At the Sibos 2024 conference in Beijing, Hong Kong Monetary Authority (HKMA) executive James Alistair Fok dropped some major insights about China's economic roadmap. 💼 \"Innovation isn’t just a buzzword—it’s the engine driving long-term prosperity,\" he told CGTN, spotlighting the country’s electric vehicle (EV) revolution and urban tech transformations.
🚗 EVs & Smart Cities: The Game-Changer
Fok compared China’s push toward EVs and sustainable infrastructure to a global tech boom. Think Tesla vibes, but with a Made-in-China twist. 🌐 Urban areas are also getting a makeover, integrating AI and green tech to create smarter, cleaner living spaces.
💵 Hong Kong’s Financial Makeover
As cross-border investments surge, Fok sees Hong Kong diversifying its financial playbook. Chinese custodian banks are expanding worldwide to meet demand, while the city aims to stay a top hub for global capital. \"Adaptability keeps us relevant,\" he added.
