The recent wave of violence in Hong Kong has sent ripples through the local business landscape, particularly hitting small and medium enterprises (SMEs) like retailers, shops, and restaurants. These businesses, integral to the region's economy and community fabric, have faced unprecedented challenges in maintaining operations and customer trust.
Despite these hurdles, economist Chong Tai Leung remains optimistic about Hong Kong's economic resilience. He asserts that the city's longstanding reputation as a global financial center is well-preserved, supported by its robust financial infrastructure, strategic location, and continued investments in innovation and technology.
Leung highlights that while SMEs are grappling with immediate threats, the broader financial sector benefits from strong international ties and a dynamic market environment. This balance, he believes, will ensure Hong Kong's position remains secure in the competitive global landscape.
As Hong Kong navigates through these turbulent times, the commitment to maintaining its status as a financial powerhouse underscores the region's dedication to economic stability and growth.
Reference(s):
Hong Kong will maintain its financial center status, economist says
cgtn.com
