Mirae Asset to stay in Hong Kong for investments in China


Source: koreatimes.co.kr koreatimes.co.kr

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Two International Finance Center, where Mirae Asset Daewoo operates its Hong Kong subsidiary, is seen in this file photo. / Courtesy of Mirae Asset Daewoo By Park Jae-hyuk The deepening political crisis in Hong Kong, following Beijing's passage of the national security law and Washington's elimination of the financial hub's special status, is raising concerns for Mirae Asset, which has used its affiliate in the city as a foothold for its global expansion since 2003. Amid fears of a possible exodus of businesses and capital from the city, some market observers thought Mirae Asset may focus more on Singapore, another...