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NEWSCMP Business Series

Can Hong Kong keep its financial crown?

As Hong Kong marks the anniversary of its handover, the city’s status as a premier global financial hub is evolving. In this miniseries, we explore the future of Hong Kong finance, from efforts to boost market liquidity to the rising competition it faces from Shanghai in the offshore yuan market.

Updated: 26 Jun, 2026
A foggy Hong Kong skyline seen from The Peak. Photo: Eugene Lee
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Can Shanghai’s offshore finance push test Hong Kong’s dominance?

Beijing is accelerating Shanghai’s offshore finance ambitions, raising questions over whether Hong Kong’s long-held edge can endure.

25 Jun, 2026
Shanghai is seeking to expand its offshore finance business under a new action plan backed by Beijing. Photo: Getty Images
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