Hong Kong is set to host three major wealth and investment events towards the end of the month, underscoring the city’s standing as an international financial centre capable of attracting investors and entrepreneurs.
“Amid global uncertainty and escalating trade tensions, Hong Kong takes a more crucial role as a ‘superconnector’ and a ‘super value-adder’ for the mainland and the world than ever,” Hui said, adding that the city would continue deepening its cooperation with the international community with its “distinct and independent regulatory and legal regime”.
The city’s uniqueness was also touted by Financial Secretary Paul Chan Mo-po at a tech forum on Wednesday, who said that “Hong Kong continues to practise common law, and adhere to the best international business standards and practices.”
“The free flow of people, capital, goods and information, and the unparalleled connectivity we have established with the mainland and the world, are vital to tech innovation activities and attracting top-tier talent from around the globe,” he added.
Chan expected Hong Kong’s initial public offering (IPO) market to reach between US$17 billion and US$20 billion this year, benefiting from the optimism in the tech sector and support from the mainland authorities who have been encouraging leading Chinese companies to list on the Hong Kong stock exchange. Last year, IPO proceeds in the city stood at US$11 billion, ranking fourth globally.
