On the 23rd, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, posted on his blog that the total amount of bank deposits in Hong Kong has further increased by over 10% to over HKD 19 trillion this year, following a 7% increase last year. Recently, many international financial leaders who have come to Hong Kong for conferences have stated that their institutions are planning to hire more staff and expand their scale in Hong Kong. Chen Maobo stated that due to the impact of geopolitical factors, global investors are reassessing the risks of their asset portfolios and adjusting their investment strategies to diversify risks. Hong Kong has become a safe haven for capital hedging. In addition to the increase in total bank deposits in Hong Kong, the leading global new stock fundraising activities, the thriving wealth management industry, and the continuous deepening of financial cooperation with various parts of the world all reflect the international capital's attention to the Hong Kong market. In terms of shipping trade, facing the rise of unilateralism internationally, the global supply chain and industrial chain are accelerating restructuring, and the economic and trade relations between countries, ASEAN, and even the global South are further deepening. In this context, Hong Kong's commodity exports have not only not been hit by the tariff war, but have also recorded year-on-year growth for 19 consecutive months, with a significant increase of 11.3% in the first three quarters of this year. He stated that he will continue to work hand in hand with the industry to consolidate the international advantages of Hong Kong ports and promote the upgrading and transformation of Hong Kong's shipping industry. He also stated that Hong Kong has a high degree of international connectivity, with over 1100 daily flights to over 200 destinations worldwide. The excellent business environment has made many exhibition industry and international event organizers regard Hong Kong as a strategic stronghold. Last year, there were over 350 events held at the AsiaWorld Expo and the Hong Kong Convention and Exhibition Centre, attracting over 9 million participants. The results of this year's exhibition activities have raised even greater expectations. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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