Hong Kong is focusing on economic development and attracting foreign investment amidst challenges in perception that have slowed its post-Covid recovery. Malaysian Prime Minister Anwar dismissed concerns about doing business in Hong Kong, expressing faith in the city’s capabilities.
Hong Kong has raised US$3 billion through sukuk bonds to attract investors from Muslim countries, reflecting its commitment to Islamic finance principles. Anwar emphasized the potential for collaboration in services and finance between Malaysia and Hong Kong.
Anwar is in talks with China and Hong Kong to foster a conducive environment for tech start-ups, leveraging each other’s strengths. He also highlighted the benefits of Europe’s decoupling from China for Southeast Asia, emphasizing cooperation and complementarity.
Despite challenges, Malaysia remains a key trading partner for Hong Kong, with bilateral trade showing promising signs of growth.