Hong Kong's position as an international financial center remains stable and charming

2022-11-05

Hong Kong Financial Technology Week and International Financial Leaders Investment Summit were held in Hong Kong recently. Industry insiders and experts believe that this is a good introduction to the future development of Hong Kong's financial market, and also reflects that Hong Kong's financial system is still strong, stable and charming. The FinTech Week attracted more than 10000 people and more than 800 exhibitors and participating institutions. Cecilia Skinsley, the head of the innovation hub of the Bank for International Settlements, who participated in the Science and Technology Week, is full of confidence in Hong Kong's financial innovation potential. In 2019, the Bank for International Settlements set up an innovation hub in Hong Kong to promote cooperation in financial technology. "Since its establishment, the innovation work of the Hong Kong Center has made rapid progress, and Hong Kong is an example for the subsequent establishment of innovation centers worldwide." She said. Jin Liqun, President of the Asian Infrastructure Investment Bank, said at the Financial Science and Technology Week that Hong Kong's high standards of rule of law and economic vitality attract competent and creative talents. Hong Kong connects the mainland and the world, integrates talents and capital, and plays a key role in promoting regional economic development and financial stability. In recent years, in the "big test" of the COVID-19, the Hong Kong SAR government, with the support of the central government, led all sectors of Hong Kong to work together to stabilize the economy while doing well in epidemic prevention, so that Hong Kong's financial system remains strong and stable. Xu Zhengyu, Secretary for Financial Affairs and the Treasury of the Hong Kong SAR Government, said when attending the event that, under the situation of epidemic prevention and fighting based on data and science, a number of recent activities in Hong Kong reflected Hong Kong's financial advantages and conveyed the message of welcoming enterprises and investors to the outside world. The International Financial Leaders Investment Summit, hosted by the Hong Kong Monetary Authority, gathered more than 200 leaders from about 120 financial institutions around the world, covering different sectors such as banks, securities, asset management, sovereign wealth funds, private equity and venture capital, hedge funds and insurance companies. Hannick Schmitz, CEO of investment management in New York Mellon, who participated in the International Financial Leaders Investment Summit, said at the meeting that he felt the vitality here and the connection between Hong Kong and the mainland. Joseph Bay, the joint chief executive of Kohlberg Kravis Roberts, lived in Hong Kong for 10 years. He said that it is really great to return here and see the city revitalized. In the 2022 Annual Report on World Economic Freedom, the Feisha Institute of Canada once again rated Hong Kong as the freest economy in the world. Since the release of the report, Hong Kong has been at the top of the list. The report covers five major assessment items, of which Hong Kong continues to rank first in terms of "international trade freedom" and "regulation". Li Jiachao, Chief Executive of the Hong Kong SAR, said that Hong Kong has an extremely strong resilience. Although it has experienced many ups and downs in the past decades, it still has a strong and stable financial system in the face of many difficulties. Wen Tianna, CEO of Hong Kong Broad Capital International, believes that the two financial events held in Hong Kong have a good role in promoting the future development of the market and will greatly boost the financing function of Hong Kong, an international financial center. Statistics show that the market value of Hong Kong stock market will exceed 4% in 2021

Edit:Hou Wenzhe    Responsible editor:Luo Meihua

Source:XinhuaNet

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