Gulf capital flowing into Asia as Hong Kong-Middle East trade up 35%: Paul Chan

AI Summary

Capital flows from the Gulf region into Asia are increasing, highlighted by a 35% rise in trade between the Middle East and Hong Kong in the first five months of the year. Hong Kong's Financial Secretary, Paul Chan, noted strengthened ties in economy, trade, finance, innovation, technology, and culture with the Gulf Arab States.

Capital from the Gulf region is showing signs of flowing into Asia, according to Hong Kong’s finance chief, as bilateral trade between the Middle East and the city rose 35 per cent in the first five months of the year. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said Hong Kong and the Middle East had deepened ties in the areas of the economy, trade, finance, innovation and technology (I&T), and culture over the past few years. While trade between the Gulf Arab States and...