Top Belt and Road treasury centre
Hong Kong tops the list of corporate treasury centres for Belt and Road countries, according to Carmen Ling of Standard Chartered Bank, following a roadshow she took to nine countries in Africa, the Middle East, South Asia and Europe associated with the Initiative. She said the reasons include Hong Kong’s lack of currency controls, low taxes and its dominant role as an offshore Rmb centre – all exemplifying Hong Kong’s wealth of knowledge and experience.
Carmen Ling, Global Head, Renminbi Solutions, Corporate and Institutional Clients, Standard Chartered Bank
Hong Kong Trade Development Council