Hong Kong Financial Secretary Paul Chan: Hong Kong has become a safe haven for capital, and several international institutions plan to hire more staff

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, published a blog saying that due to the influence of the geopolitical situation, global investors have reassessed the risks of their asset portfolios, adjusted investment strategies and diversified risks, and Hong Kong has become a safe haven for funds. After rising by 7% last year, the total amount of bank deposits in Hong Kong has further increased by more than 10% this year to more than HK $19 trillion; the leading global IPO fundraising activities, the booming wealth management industry, and the continuous deepening of financial cooperation with other parts of the world, all of which reflect that international funds are favoring the Hong Kong market. Since the beginning of this year, a number of blockbuster new stock fundraisers have also attracted many cornerstone investors from the West and the Middle East to participate. Recently, many international financial leaders who have come to Hong Kong to attend the conference have said that their institutions are planning to recruit more