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

Central Banking Newsdesk
12 Oct 2012

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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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