Organised by the Hong Kong Monetary Authority, the Global Financial Leaders’ Investment Summit on November 1 to 3 will be attended by 30 chief executives of global banks and funds, including Blackstone, Goldman Sachs, HSBC, Morgan Stanley, Standard Chartered and UBS, marking the biggest congregation of global financial heavyweights in Hong Kong since the Covid-19 pandemic drove the city into three years of quarantines and social distancing.
Industry leaders at a top investment summit are putting their faith in Hong Kong and that should be repaid with the cautious ending of restrictions.
Readers discuss the successful staging of the Hong Kong Sevens, and the need for the city to open up further to the world.
Hong Kong is making the right moves to develop as a hub for trading in virtual assets, but should scrap all its Covid-19 travel rules to fully resume its role as a financial centre, Bill Winters says.
In this edition of the Global Impact newsletter, we look back at the highlights from the Global Financial Leaders’ Investment Summit and ponders what it means for Hong Kong’s future as a global financial hub.
In interviews with the Post, financial heavyweights including HSBC CEO Noel Quinn, JPMorgan’s Mary Callahan Erdoes and Anand Selvakesari from Citigroup talk about Hong Kong and the city’s future after the Global Financial Leaders’ Investment Summit.
HSBC will do whatever it takes to help Hong Kong’s economy recover, says CEO Noel Quinn, adding that relaxation of quarantine measures will put the city back on the international business community’s map.
Financial secretary says attendees have shared that their experience in city is ‘different from what they have seen in foreign media outlets’.
Chief Secretary Eric Chan writes to New York-based paper’s editor, saying piece is a ‘brazen demonstration of disrespect’ for financial leaders who attended.
It was said repeatedly during the three days of the Global Financial Leaders’ Investment Summit that Hong Kong was back to “business as usual,” even if it had been slower than other countries in opening its borders.
The era of high return on investment is over, and the focus should be on value amid looming market uncertainty, top money managers say.
The world’s top asset managers said there is money to be made in the current uncertain economic climate, while suggesting a range of options from diversified portfolios to green investments.
Senior figures from JPMorgan, BlackRock, HSBC and Standard Chartered shared their thoughts on how fintech is shaking up the banking sector at a global banking summit in Hong Kong.
Sustainable finance refers to the sale of green bonds or other forms of fundraising to promote ESG activities, the fight to avert climate change, reduce pollution and community activities.
Officials speaking at a global finance summit in Hong Kong urge international investors to judge Beijing’s determination towards growing the economy for themselves.
While the world will be clouded by a significant amount of uncertainty next year, central banks will step in to tame inflation amid the transition from economic expansion to contraction, bankers said.
Beijing is committed to making Hong Kong an even stronger international financial centre to help achieve its growth goals, officials from the People’s Bank of China and the country’s securities regulator said during a global summit on Wednesday.
More than 200 international and regional leaders from around 120 global financial institutions are in attendance, according to the HKMA.
The private bank will expand its Hong Kong office in the coming years, as it aims to develop its wealth management and family office businesses in China and other Asian markets, says CEO.
Senior Citi executive says it is ‘business as usual’ in city as lender looks to expand now that pandemic has receded, with a target to capture US$150 billion of new client money from wealthy customers in Asia by 2025.
The virtual presence of top regulators at the Global Financial Leaders’ Investment Summit echoes President Xi Jinping’s recent promise of ‘full support for Hong Kong to develop its economy’.