PANews reported on November 23 that, according to Jinshi News, Hong Kong Financial Secretary Paul Chan Mo-po stated in his blog that, influenced by geopolitical events, global investors are reassessing the risks of their asset portfolios and adjusting their investment strategies to diversify risk, making Hong Kong a safe haven for capital. Following a 7% increase last year, Hong Kong's total bank deposits have further increased by over 10% this year to over HK$19 trillion. Leading the world in IPO activity, a booming wealth management industry, and deepening financial cooperation with other parts of the world all reflect the international capital's favor towards the Hong Kong market. Several major IPOs this year have also attracted cornerstone investors from the West and the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have indicated that their institutions are planning to hire more staff and expand their operations there.PANews reported on November 23 that, according to Jinshi News, Hong Kong Financial Secretary Paul Chan Mo-po stated in his blog that, influenced by geopolitical events, global investors are reassessing the risks of their asset portfolios and adjusting their investment strategies to diversify risk, making Hong Kong a safe haven for capital. Following a 7% increase last year, Hong Kong's total bank deposits have further increased by over 10% this year to over HK$19 trillion. Leading the world in IPO activity, a booming wealth management industry, and deepening financial cooperation with other parts of the world all reflect the international capital's favor towards the Hong Kong market. Several major IPOs this year have also attracted cornerstone investors from the West and the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have indicated that their institutions are planning to hire more staff and expand their operations there.
Hong Kong Financial Secretary Paul Chan: Hong Kong has become a safe haven for capital, and several international institutions plan to hire more staff.
PANews reported on November 23 that, according to Jinshi News, Hong Kong Financial Secretary Paul Chan Mo-po stated in his blog that, influenced by geopolitical events, global investors are reassessing the risks of their asset portfolios and adjusting their investment strategies to diversify risk, making Hong Kong a safe haven for capital. Following a 7% increase last year, Hong Kong's total bank deposits have further increased by over 10% this year to over HK$19 trillion. Leading the world in IPO activity, a booming wealth management industry, and deepening financial cooperation with other parts of the world all reflect the international capital's favor towards the Hong Kong market. Several major IPOs this year have also attracted cornerstone investors from the West and the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have indicated that their institutions are planning to hire more staff and expand their operations there.
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