Hong Kong tycoons downplay impact of Middle East war on city’s fortunes

2026-03-04 - 14:15

Hong Kong tycoons have downplayed the impact of the escalating Middle East conflict on the city, while expressing confidence in the region’s economic outlook amid continued strikes by the United States and Israel on Iran and Tehran’s retaliatory attacks. Speaking to the media in Beijing on the sidelines of the “two sessions” – the nation’s annual parliamentary meetings – on Wednesday, New World Development scion Adrian Cheng Chi-kong said the Middle East’s economic prospects remained...