What’s Hong Kong’s reply to Singapore’s Financial Growth Board or the mainland’s National Development and Reform Commission? We don’t actually have an actual equal, maybe in line with our historic stance on the financial system, through which the personal sector takes the lead and the federal government position is to facilitate and assist.
Nevertheless, in an built-in international financial system thrown into turmoil by US President Donald Trump’s tariff war, an absence of correct authorities oversight appears much less tenable.
Fortunately, Hong Kong will not be fully devoid of instruments to affect the event of its financial system. In any case, the town does have a secretary for commerce and financial growth who oversees InvestHK, the Commerce and Trade Division and Hong Kong’s overseas Economic and Trade Offices. The mainland places of work report back to a special bureau.
In the meantime, the town’s monetary secretary supervises the Workplace of Attracting Strategic Enterprises (OASES), the Hong Kong Funding Company, the Hong Kong Financial Authority, and the workplace of the federal government economist. The Expertise Companies Unit, which specialises in manpower, experiences to the chief secretary.
Additionally it is necessary to spotlight two different main areas of financial exercise. The primary is tourism. Hong Kong’s commissioner for tourism experiences to the secretary for tradition, sports activities and tourism. There’s additionally the Hong Kong Tourism Board, which works intently with different related authorities establishments.
