‘Soft power’ is key to international success, says HKMA’s Chan

Norman Chan at HKMA

Norman Chan, chief executive of the Hong Kong Monetary Authority, discussed the importance of ‘soft power' in the competitiveness of international financial centres (IFCs) during a speech today (October 12) at the Treasury Markets summit in Hong Kong.

Top IFCs are differentiated not by the size of their skyscrapers, but by a range of qualities and strengths, including rule of law, free flow of information, taxation and talent pool, Chan said.

Winning the soft power race requires financial

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