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Victor Fung

Victor Fung

Dr Victor K. Fung, chairman of Fung Investments, co-chaired the International Chamber of Commerce Advisory Group on Trade Finance (2020-21).

Companies along the supply chain must adapt to new consumer and investor demands to access the finance they need to survive change – and thrive.

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Smaller firms make up the backbone of the world economy but struggle to gain access to financing and global markets. The solution is to simplify processes and integrate isolated systems to help such firms access increasingly complex trade and supply chains.

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Hong Kong should analyse how integration under the Greater Bay Area can lift its economy, much as interaction with the Pearl River Delta gave it a boost 40 years ago.

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New World Trade Organisation director general Roberto Azevedo has been in office barely a month, but already he has helped reboot the stalled Doha Round of world trade negotiations.

Many middle-class people in Hong Kong work hard, create wealth for themselves and contribute to society's well-being. Not without reason is the city admired as the Pearl of the Orient. People have a sense of belonging. But when we look at mainland China, it is a different story.