Hong Kong\u2019s leader has called on global investors seeking to diversify their assets and minimise risks to come to the city as it offers stability and certainty despite the market volatility brought by geopolitical tensions.<\/p>\n
Chief Executive John Lee Ka-chiu said on Tuesday that the \u201cone country, two systems\u201d principle had enabled businesses in the city to reach out to the world while maintaining \u201cunparalleled\u201d access to China.<\/p>\n
\u201cWe offer certainty and clarity, along with confidence and opportunity, to global investors and businesses seeking to diversify their assets and minimise risks,\u201d Lee said in a keynote speech at this year\u2019s Global Financial Leaders\u2019 Summit, themed \u201cTrekking Through Shifting Terrain\u201d.<\/p>\n
Pointing to the geopolitical uncertainty and market volatility that financial leaders are currently facing, Lee told the audience that Hong Kong\u2019s vibrant financial market and diversified fintech achievements allowed it to offer investors the safe haven they needed.<\/p>\n
He noted that Hong Kong\u2019s stock market had soared more than 30 per cent year to date, while average daily turnover had exceeded US$32 billion, nearly double that of last year.<\/p>\n
The city was also the world\u2019s leading market in initial public offerings (IPO), with 80 IPOs recorded in the first 10 months of this year, he added.<\/p>\n
Lee pointed to the road map for the development of fixed income and currency markets published in September, which is designed to attract primary market issuance, boost secondary market liquidity, expand the city\u2019s offshore renminbi business, and develop next-generation infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong\u2019s leader has called on global investors seeking to diversify their assets and minimise risks to come…\n","protected":false},"author":2,"featured_media":161936,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,381,179,18,93804,4202,18636,19,17,42556,93802,30100,93803],"class_list":{"0":"post-161935","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-economy","11":"tag-eire","12":"tag-global-financial-leaders-investment-summit","13":"tag-hong-kong","14":"tag-hong-kong-monetary-authority","15":"tag-ie","16":"tag-ireland","17":"tag-john-lee-ka-chiu","18":"tag-one-country","19":"tag-renminbi","20":"tag-two-systems"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115490346996079886","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/161935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=161935"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/161935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/161936"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=161935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=161935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=161935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}