HSBC plans Hong Kong investor summit to fill gap left by Credit Suisse
- Hong Kong’s biggest bank plans to hold the conference at the five-star Conrad Hotel from April 8 to 10 next year
- The event will follow the Hong Kong Rugby Sevens, which is sponsored by the bank
The London-headquartered bank is planning to hold an event at the upscale Conrad Hotel from April 8 to 10 in the Central business district, historically the venue for Credit Suisse’s annual Asian Investment Conference. HSBC is expecting to host more than 2,000 clients and investors, pivoting off the bank-sponsored Hong Kong Rugby Sevens from April 5 to 7.
“We will bring together clients, investors and thoughtful leaders from all around the world to discuss developments, challenges and, most of all, opportunities,” a spokesperson for the bank said.
The move comes as Hong Kong authorities are seeking to resurrect the city after years of Covid-19 restrictions and a crackdown on civil liberties that has transformed the once freewheeling financial hub.
As the dominant bank in the city, HSBC has had to walk a tightrope between an increasingly authoritarian regime and criticism from Western lawmakers and activists in the city over its endorsement of a Beijing-imposed national security law.
The lender has also been fighting off pressure from its largest shareholder, China’s Ping An Insurance Group, to split off its Asian operations to boost profitability.
Credit Suisse, which is being bought by Swiss rival UBS Group, had hosted the annual conference since 1998.
No expenses were spared for the three-day conference. Hong Kong-style hawker stalls were set up at the foyer of the Conrad Hotel to dish out dim sums, pineapple buns and other local delicacies.
Additional reporting by the Post
