Hong Kong to press ahead with expanding Middle East ties despite regional unrest
Hong Kong will continue its efforts to expand business opportunities in the Middle East despite recent geopolitical tensions, as the city remains a safe and stable investment hub amid global volatility, Chief Executive John Lee Ka-chiu has said.Despite his optimism, Lee conceded that the conflict in the Middle East had affected Hong Kong due to a surge in fuel prices, urging suppliers to increase transparency in pricing and warning of regulatory action in cases of commercial wrongdoing.“[The advantage of] Hong Kong, as a safe place with development opportunities, would be pronounced under the current tensions in the Middle East,” Lee said ahead of an Executive Council meeting on Tuesday.Lee, whose administration has been focused on exploring Middle Eastern markets amid global geopolitical ...