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HSBC CEO Elhedery: World Heading Towards Fragmentation, More Assets Viewed as National Security Assets
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HSBC HOLDINGS (00005.HK) CEO Georges Elhedery remarked that the world is heading towards fragmentation, with some assets now or soon to be considered national security assets, such as AI codes, chips, data, and cloud services, which will be subject to national boundaries. However, he opined that cross-border trade will still present humungous opportunities, and a unified global financial system will continue to exist. AASTOCKS Financial News Website: www.aastocks.com |
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