Wall Street’s Top Bosses Descend on Hong Kong After Deep Job Cuts

(Bloomberg) — Hong Kong can still attract the who’s who of finance, but its future as an international melting pot of dealmaking and trading is fading.

The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Conceived in 2022 to restore confidence after years of Covid restrictions and a tightening political climate, the Nov. 6-8 summit’s rubric is “Living With Complexity.”