Several large-scale international events have been launched recently that symbolize Hong Kong’s return to normal, including “Fintech Week” took over the launch yesterday. . Chen Maobo, the previously successful financial secretary, said yesterday in a video speech that events will unfold and telling the world: “Hong Kong is back, business is back, welcome to Hong Kong.” However, it was reported that other invited guests were unable to attend the Hong Kong Summit, including senior executives from Barclays and Blackstone. Some scholars have pointed out that the main purpose of this summit is to “strengthen good relations” between the Hong Kong government and international institutions, and at the same time aim for overseas exposure, thereby increasing the confidence of foreign investment in Hong Kong.
There have been a number of recent events in Hong Kong, including “Fintech Week” organized by the Financial Services and the Treasury Bureau and Invest Hong Kong was the first held yesterday at the Wanchai Convention and Exhibition. During the week-long event, around 250 guests gave key talks and more than 10,000 people attended. Tonight the “International Financial Leaders Investment Summit” hosted by the HKMA will hold a welcome dinner at the M + Museum in West Kowloon and the summit will be officially held tomorrow at the Four Seasons Hotel. The discussion session “Dialogue with international investors” will continue on Thursday.
Finance Secretary Chen Maobo, who tested positive on a visit abroad a few days ago, tested negative on the rapid antigen test yesterday. The government said yesterday that it had organized Chen Maobo’s departure for Hong Kong within a few days, that he should arrive in Hong Kong this afternoon, and that he should have the opportunity to attend tomorrow’s summit in person to give a keynote speech. . In his video speech at Fintech Week yesterday, he pointed out that with the official investment summit on Wednesday and the Rugby Sevens on Friday, it is to let the world know that Hong Kong is gradually returning to normal: “We are telling the world that Hong Kong is back Business is back and welcome to Hong Kong.
Xu Zhengyu: Hong Kong’s advantages cannot be substituted and copied
During the Hong Kong Summit, Singapore also hosts a FinTech Festival. Xu Zhengyu, Secretary for Financial Services and the Treasury, when asked how to deal with the competition from Singapore, reiterated that Hong Kong’s advantages are unique and obvious. Backed by the country and facing the world, there are a number of measures to help fintech companies enter the mainland and the Greater Bay Area, and attract international talent who comes to Hong Kong. He believes that the advantages of Hong Kong “cannot be replaced and replicated anywhere”. He also believes that the epidemic prevention policy has not affected Hong Kong’s attractiveness and that many different “0 + 3” activities can be organized in Hong Kong.
Yu Weiwen, chairman of the HKMA, said more than 200 people attended the summit, representing more than 1,000 financial institutions, including 40 chief executives, believing the summit could show Hong Kong’s flexibility and status. Asia as an international financial center.
At least 3 guests of financial institutions cancel their entry to Hong Kong
However, on the eve of the summit, some senior executives of financial institutions invited to attend canceled their visit to Hong Kong. Jonathan Gray, president of the Blackstone Group in the United States, was reportedly unable to come to Hong Kong due to infection with new coronal pneumonia, and Chief Financial Officer Michael Chae attended instead; CS Venkatakrishnan, CEO of Barclays Bank in the UK, was due to “” Working Arrangement “to cancel the Asian itinerary and not come to Hong Kong to attend the summit. Along with Jane Fraser, CEO of Citigroup, who previously had alleged that he had been diagnosed with new coronary pneumonia, at least three foreign guests canceled their visit to Hong Kong. However, according to the summit guest list, there are still many heads of international financial institutions who will attend the summit for a roundtable series, including senior executives from HSBC Group, Standard Chartered Group, Morgan Stanley, Goldman Sachs, UBS and Black Rock.
Zhuang Tailiang: The summit hopes to boost investor confidence
Chong Tailiang, executive director of the Lau Chor Tak Institute of Global Economics and Finance at CUHK, believes some of the high-ranking officials who cancel their visits to Hong Kong may be under pressure from US political circles to boycott the summit, but believes that is just an isolated example. He pointed out that this summit is mainly for the Hong Kong government to have good relations with international institutions, such as trying to persuade foreign fund companies not to leave Hong Kong or reinvest in Hong Kong, including investing in the stock market. of Hong Kong. He also believes the summit could increase Hong Kong’s exposure to the international community and boost investor confidence. “Hong Kong is not as bad as the Western media has claimed. Many of the world’s giant financial institutions are located in Hong Kong and Hong Kong is an investment center.”
However, he added that Hong Kong always needs to loosen quarantine measures completely as soon as possible to help further develop Hong Kong’s economy. He said Hong Kong’s decline in GDP in the third quarter has increased and the number of employees has also decreased in recent years, but the government did not seem to understand the seriousness of the problem. And time at home is so tight, you can’t wait a few more months to try ‘0 + 3’. You should ‘open fully’, and if there is no response, you will have to ‘add more’. “
Originally posted on AM730 https://www.am730.com.hk/local/events to come-the financial summit welcomes international-Chen Maobo-announces the return of Hong Kong to the world / 345686? utm_source = yahoorss & utm_medium = referral
