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HSBC David Liao: HSBC to Continue to Invest as HK Capable of Tackling External Uncertainties
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Recent economic data in Hong Kong have yet to reflect the impact of recent geopolitical developments, and that HSBC will monitor the situation closely, David Liao, Co-Chief Executive of Asia and Middle East at HSBC, said. However, Hong Kong has experienced multiple economic cycles in the past, and possesses well-established financial infrastructure and sound regulation, with stringent bank risk management. He believed that, under the principle of "One Country, Two Systems", Hong Kong is capable of addressing various uncertainties in external markets. HSBC remains confident about Hong Kong's prospects and will continue to invest. Hong Kong serves China's overall national development as a super-connector and super value-adder, Liao added. The market capitalization of Hong Kong equities is currently close to $50 trillion, making it the third-largest bond market in Asia. Hong Kong is also expected to become the world's largest cross-border wealth management center in 2029. Liao believed that Hong Kong can leverage its deep and wide capital market to support the global expansion of Chinese enterprises and become the preferred financing platform for companies going overseas. Auto-translated by AI AASTOCKS Financial News |
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