But the special administrative region’s human resource base faces a threat as it comes under new pressure from global financial regulators demanding greater corporate and tax transparency.
Last week’s Marine Money shipfinance forum in Hong Kong heard Graham Porter of the private Tiger Group Investments and its New York-listed vehicle, Seaspan Corp, tell delegates he sees a threat to Hong Kong’s traditional laissez faire model from the international regulatory climate, as the US and other OECD countries demand more transparency.
