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"For enterprises, Hong Kong's equity market is more internationalized, whereas the mainland market relatively is still closed," said Patrick Shum Hing-hung, investment manager at Tengard Fund Management.
"Google has already got the monopolistic position, has invested billions in infrastructure, AI, technologies, software, engineering and talent. You can't simply unwind a decade of significant progress, or create new alternative powerhouses or tech ecosystems out of thin air."
"Global investors have invested trillion in securities according to the ESG principles, whereas Asia only accounts for a small fraction of the total investment because of the lack of ESG awareness and little client demand for ESG investing in the region," she noted.
"Four years ago, JD Logistics marched into the third- to sixth-tier cities. At the beginning, the number of orders was small, so the logistics cost was high," Liu said during a conference call after the company released its financial results for the second quarter.
"Floods happen faster in rivers in northern China, which have comparatively weak flood control facilities. It has been a problem that sometimes small rains can result in big disasters in the north," it said.