Panelists at Legal Week’s Corporate Counsel Forum Hong Kong say the city needs to tackle major challenges if it wants to retain its position as a key financial hub. Elizabeth Broomhall reports

Welcoming more than 100 delegates to Legal Week’s third Corporate Counsel Forum Hong Kong, Solicitor General Frank Poon (pictured, bottom left) alluded to the city’s recent ranking as 20th in the world for economic freedom and third as a global financial centre. He said the region’s success was anchored in its judicial independence and the rule of law, which gives Hong Kong a competitive advantage over other cities. He credited both the government and overseas law firms with maintaining the pace of legislative reform.