A day after Hong Kong's wealthiest man closed what was in 2018 the world's largest real estate deal, Peggy Sito was assigned to figure out how a consortium of buyers would share the spoils of the HK$40.2 billion (US$5.15 billion) office tower they just bought from Li Ka-shing. It was an assignment that involved numerous searches of company registrations, corporate filings, dozens of interviews and phone calls, in addition to her duty as the Deputy Business Editor at the South China Morning Post.
Amid geopolitical tension between China and the US, Hong Kong needs to look beyond US markets and court the Middle East as a source of capital as it seeks to burnish its position as an international finance centre, according to the chairperson of the Chamber of Hong Kong Listed Companies. "I think we have an issue in Hong Kong today, in the fact that despite the infrastructure [in the financial system], there is a lack of capital flow coming from the US," Catherine Leung, who is also co-founder