Hong Kong’s main financial district in Central. Many in the industry say China’s decision to allow increased foreign involvement in the financial sector will not benefit Hong Kong firms, especially smaller ones. Photo: AP

China opens finance industry to foreign firms, but is it too late for Hong Kong players?

Industry experts and lawmakers believe the change only benefits big global firms and leaves smaller Hong Kong companies out in the cold

Topic |   Banking & Finance

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Hong Kong’s main financial district in Central. Many in the industry say China’s decision to allow increased foreign involvement in the financial sector will not benefit Hong Kong firms, especially smaller ones. Photo: AP
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