In many ways, it looks like the perfect environment for Chinese capital outflows: economic growth is slowing, U.S. interest rates are rising, and the yuan is trading near its weakest level in more than a decade.
Visiting Hong Kong soon and looking to check out the bar scene? You’re in luck! Hong Kong boasts 7 of Asia’s 50 best bars, while a quick Google search for the best bars in Hong Kong yields more than 1.7 million results, with thousands more listicles showcasing the top bars of all types, mixes and tastes. In a city of over 8 million people, the bar-to-human ratio could certainly give New York or London a run for their money.
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Hong Kong is trying to boost its credentials as a fintech centre. The city’s regulator is liberalising its approach to monitoring the industry, while global and local tech firms are expanding.