Financial Hub in a sentence

Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub.

Hong Kong wants to become an international center for virtual assets as the city seeks to bolster its status as a global financial hub following the disruptions caused by the pandemic.

While some western governments say the national security law has been used to crack down on dissent, China says it has brought stability to the financial hub after the protracted pro-democracy protests of 2019.

Another NYT article pointed out that Hong Kong’s willingness to comply with Beijing’s demands is threatening its standing as a financial hub and causing multinational companies to consider shifting their regional operations to Singapore instead.

In 2019, the Asian financial hub announced a plan to produce about one-third of its nutritional needs by the end of this decade—dubbed “30 by 30”.

In 2020, the US also revoked the financial hub's special trade status in response to the quashing of 2019's large, and at times violent, pro-democracy protests.

The revelation comes amid growing concern that London is losing its status as a global financial hub.

A day earlier, U.S. Secretary of State Mike Pompeo said Hong Kong no longer qualified for special treatment under U.S. law, potentially dealing a crushing blow to its status as a major financial hub.

Cases have plateaued in some major cities, including national capital New Delhi, and the financial hub of Mumbai after antibody surveys showed millions of residents could have contracted infections while being asymptomatic.

China imposed the legislation this week despite protests from Hong Kongers and Western nations, setting what is a major financial hub on a more authoritarian track.

Elsewhere in China, local infections have also been reported lately in the financial hub of Shanghai and the northern port of Tianjin, although the government’s pandemic update Thursday listed no new cases in those cities.

Hong Kong courts, steeped in British judicial traditions (complete with robes and wigs), were what made Hong Kong an international financial hub.

Hong Kong leader Carrie Lam introduced the measures on Sunday, saying the situation in the Asian financial hub is “really critical” and that she sees “no sign” that it’s under control.

In Hong Kong, where the worst had appeared to be over, the number of cases has nearly doubled in the past week as more people fly back to the financial hub.

Other Chinese cities to feature on the list include the capital Beijing, financial hub Shanghai, tech centre Shenzhen, Hangzhou, Harbin and Chengdu.

Pompeo in a statement said that the United States "strongly condemns" the arrests of the politicians, five of whom are sitting lawmakers in the financial hub.

The city is only 175 km southwest of the financial hub of Shanghai, which has reported more than 200 cases, including one death, so far.

The meltdown also occurred just two weeks into new Prime Minister Yoshihide Suga’s term – during which he has prioritised digitalisation – and undermined Tokyo’s hopes of replacing Hong Kong as an Asian financial hub.

The shift could see tariffs applied for the first time to the Chinese territory and undermine its position as an international financial hub.

The travel ban includes the financial hub Milan.