Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Hong Kong will need to attract global champion firms across different sectors to raise funds to strengthen the city's role as an international financial centre over the next 10 years, according to a concept paper issued by the Financial Services Development Council (FSDC) on Friday. "Global markets do not stand still," said Benjamin Hung Pi-cheng, chairman of the FSDC, at a media briefing where the council outlined a wide range of ideas to bring the city's capital market to the next level. "Hong Kong has ...