The three-day 2024 Global Financial Leaders' Investment Summit concluded successfully in Hong Kong on Wednesday (Nov. 20). The summit highlighted various policy initiatives from both the central government and Hong Kong in the financial sector, providing more development opportunities for the city.
With the flow of capital, technology, and talent, the business expansion of international financial institutions in Hong Kong will also become more convenient, further solidifying its status as an international financial center.
In recent years, with strong support from the central government and efforts from the Hong Kong SAR government, the financial industry in Hong Kong has continued to develop steadily. Data shows that 73 of the world’s top 100 financial institutions operate in Hong Kong, and 7 out of the top 10 global companies conduct related businesses there.
As the largest offshore RMB business center globally, Hong Kong handles about 80% of offshore RMB settlements. Additionally, 80% of the overseas listing financing for mainland enterprises is completed in Hong Kong.
During the summit, Bob Prince, co-CIO of Bridgewater, one of the world’s largest hedge funds, confirmed that he had just purchased a mansion in Hong Kong. He stated that Bridgewater aims to expand more business in Asia, with investment projects spread across various locations, and believes that "Hong Kong is located at the center of Asia, with convenient transportation and rich culture and cuisine, making it an interesting city."
In the current economic environment, the correction in the Hong Kong real estate market offers good opportunities for investors, attracting more capital inflow.
As international financial executives increasingly purchase mansions in Hong Kong, confidence in the city's real estate market has been significantly strengthened. Investors not only value Hong Kong's geographical location and rich culture but also its future potential as an international financial center.
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