Hong Kong is the only city that benefits from both global and Chinese advantages. Mainland enterprises comprise approximately 80% of the 2,600 companies that are publicly traded in Hong Kong.
Paul Hui, the Director of the Financial Services and Treasury Bureau in Hong Kong, has emphasized the region’s strategic position as a competitive advantage in the pursuit of several developmental opportunities. According to Hui, Hong Kong is the only city that benefits from both global and Chinese advantages.
In a recent presentation, Hui identified numerous areas in which Hong Kong’s authorities could concentrate to achieve developmental benefits. He referenced various sectors, including family offices, green finance, and virtual assets. The Financial Services Director is of the opinion that the expansion of activities in these sectors would enable investors from around the globe to gain a comprehensive understanding of Hong Kong’s primary developmental areas.
In the meantime, Hui observed that mainland enterprises account for approximately 80% of the 2,600 companies listed in Hong Kong. In 2023, the mainland’s economic growth exceeded 5%, while Hong Kong’s GDP growth reached 3.3% during the same period, as per him. This confirms the region’s improving economic momentum.
According to the Director of the Hong Kong Treasury Bureau, the administrative region must establish an efficient market and an effective government in order to attract foreign investment. He believes that Hong Kong authorities must be strategic in their focal areas, thereby emphasizing the opportunity areas for investors worldwide.
In the current context of escalating global uncertainty, Hong Kong’s Monetary Authority Governor Xu Zhengyu underscored the greater necessity for “value-added providers” and “connectors.” Zhengyu posits that Hong Kong would be able to fulfill an “irreplaceable” function in the grand scheme of things by instituting these modifications.
Zhengyu acknowledged that Hong Kong has consistently been an effective platform for serving the global community through a rule-of-law-based and highly internationalized model. Therefore, individuals who are interested in acquiring capital or investing will consistently convene in Hong Kong.
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