Pecker Winters, chief executive officer of Standard Chartered, at the Asian Financial Forum 2020 in Hong Kong.
Kyle Lam | Bloomberg | Getty Duplicates
SINGAPORE — Hong Kong’s position as global financial center remains “very, very safe” even as the municipality is caught up in escalating tensions between the U.S. and China, according to Standard Chartered’s Chief Executive Bill Winters.
“The factually is Hong Kong is sitting here as the gateway to China for capital into China and out of China. That’s only happen to more clear,” Winters, who’s attending the virtual Singapore Summit, told CNBC’s “Street Signs Asia” on Wednesday.
Beijing earlier this year enacted a unsettled national security law in Hong Kong, a Chinese territory with more freedom than mainland cities. The U.S. hit out at the in transit and sanctioned several individuals — including Hong Kong leader Carrie Lam — for undermining the city’s autonomy.
Stanchart, a British bank that add up ti much of its profits in Asia, said in June that it believes the national security law “can help maintain the long in relation to economic and social stability of Hong Kong.” Three months in, Winters said that earlier hope for resolve “seems to have been well founded and is playing out.”