Hong Kong Posits Itself as Global Financial Powerhouse at High-profile Investment Summit

Over 300 Global Bankers Convene at Hong Kong-Hosted Summit to Explore Investment Opportunities in World's Second-Largest Economy

China's vice-premier He Lifeng highlighted Hong Kong's essential role as a financial powerhouse. The city is key to developing mainland China's economy, particularly given the strength of its market activities and strong connections with other major financial centers such as New York and London.
The Global Financial Leaders' Investment Summit, hosted by Hong Kong Monetary Authority (HKMA), attracted over 300 global bankers, including 90 executive heavyweights from banks like HSBC, Deutsche Bank, UBS, and Citibank.
At a lavish banquet hosted by the HKMA, the city demonstrated its potential as a platform for wealth management and asset management. The convocation of finance leaders from companies like Morgan Stanley, Citigroup, Blackstone, and JP Morgan Chase showcases the city's financial prowess.
The conference presented a platform for international financial institutions to gain in-depth insights into Hong Kaong and mainland markets, and to discuss insights and solutions for the global macroeconomic scenario. The focus of this year's gathering was 'Living with Complexity', highlighting the challenges and opportunities in a post-COVID-19 economy.
The Hang Seng Index and the CSI 300 Index have fallen this year, reflecting the financial challenges China is facing. The HKMA is accounting for the potential shakeout in China's economy and making efforts to reassure global financiers about investment in the country.