The transcript discusses the complexities of policy responses and company strategies for the upcoming year, focusing on export controls, compliance, and sanctions, particularly in the context of US-China relations. It highlights the role of financial institutions in Hong Kong and the anticipated strategic review of US-China trade policy under the Biden administration. Catherine Tai's expertise and approach to negotiations with China are also emphasized, suggesting a continuation of existing policies with a focus on process and collaboration where possible.

What is a major focus for companies in Hong Kong regarding US technology?

• Labor laws

• Tax regulations

• Export controls

• AML compliance

What is expected from the Biden administration's review of US-China trade policy?

• A focus on reducing trade deficits

• Increased tariffs on Chinese goods

• A strategic review with minor changes

• A complete overhaul of existing policies

Which global issue is mentioned as a potential area for US-China collaboration?

• Healthcare

• Space exploration

• Climate change

• Cybersecurity

How is Catherine Tai described in terms of her negotiation style with China?

• Lenient and flexible

• Tough and experienced

• Inexperienced and cautious

• Indifferent and passive

What does the Biden administration's focus on process mean for companies?

• Fewer opportunities for policy discussions

• More opportunities for policy discussions

• Increased regulatory burdens

• Simplified compliance requirements