Recently, two US lawmakers urged Treasury Secretary Janet Yellen to reassess the United States' longstanding policy toward Hong Kong, particularly its financial and banking sectors. They alleged that Hong Kong has become a hub for money laundering, re-exporting technology to Russia, and conducting trade with North Korea.
However, as a globally recognized financial center, Hong Kong maintains robust regulations and stringent measures to combat money laundering and ensure compliance with international standards. Hence, these allegations lack substantive evidence and are misleading.
In this episode, Dr. Henry Ho highlights Hong Kong's critical role as a premier destination for American direct investment. He also explores the city's well-established financial systems, regulatory framework, and institutions, reinforcing its trusted international financial hub position.
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