HSBC summit: Hong Kong’s financial ecosystem is robust, resilient and unwavering, HKMA’s Eddie Yue and SFC’s Julia Leung say
- ‘Look at the facts. Hong Kong’s ecosystem is robust,’ Eddie Yue says during fireside chat
- Summit shows HSBC’s belief that Hong Kong is a dynamic hub for capital, business and opportunity: SFC’s Leung
“Hong Kong has gone through a lot of challenges in recent years, but we’ve proven our resilience,” Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority (HKMA), said during a fireside chat.
That the city’s market has shown its credibility and competence is illustrated by Hong Kong’s deposits expanding by a cumulative 21 per cent in the past five years, he said.
“You may still hear noises or perceptions … [that] Hong Kong’s growth as a financial centre is fading,” Yue said. “But if you look at the numbers, they paint for you a very different story.
“Look at the facts. Hong Kong’s ecosystem is robust.”
More than 2,500 market professionals and 300 corporate executives have gathered in Hong Kong to discuss the top issues affecting the industry and the world. HSBC, the city’s biggest commercial bank, is hosting Hong Kong’s largest investment conference this week.