Rapid growth in cross-border commerce coupled with unexpected supply chain shocks has made it more pressing than ever for treasurers to strengthen their payments schemes.
Hong Kong’s position as a gateway to China creates outstanding opportunities for local businesses but a recent report highlights how outdated payment methods are undercutting returns and adding to costs.
Small and medium-sized businesses are the bedrock of the Hong Kong economy, and their response to the challenges of the future will have a major impact on the fortunes of the Territory.
Hong Kong’s proximity to China is a key strategic factor for businesses, say local CFOs. However, as China’s economic growth falters, some are questioning how healthy it is to be so close to China.