in 2022, Hong Kong could overtake Switzerland as the world’s most important cross-border hub by 2026. Hong Kong has reopened after being subject to the strict controls imposed to contain the pandemic, and it also faces competition from rival centres such as Singapore and Dubai.
“In the last two decades, Asia has emerged as a pivotal region for the bank, and as our second home market, contributes to 25 per cent of our global business. We remain confident in Asia’s robust potential for economic growth and our commitment lies in fostering development and investments in this thriving region,” Jimmy Lee, head of Asia-Pacific at Julius Baer, said in a statement.
