Hong Kong poised for greater role in Islamic finance, financial secretary says

Hong Kong is on track to develop as an Islamic finance centre in North Asia, with some companies considering issuing sukuk bonds to help Middle Eastern capital flow into the Greater Bay Area, according to bankers and the city's financial secretary. "We have received a rising number of inquiries from companies about issuing sukuk bonds in Hong Kong," said David Yim Sau-king, head of debt capital markets for Greater China and North Asia at Standard Chartered Bank, at a summit on Monday. "We hope the inquiri ...