FINANCIAL LEADERS' SUMMIT CONCLUDES

The Monetary Authority said the Global Financial Leaders' Investment Summit concluded successfully today and that it plans to host the summit again next year, which coincides with the 30th anniversary of the authority's establishment.

During the three-day event, 26 prominent financial leaders shared their unique perspectives and ideas on managing a complex set of economic, financial, technological and geopolitical developments while capturing the resulting opportunities.

The authority's Chief Executive Eddie Yue said: “We are encouraged by the overwhelming responses from both the international and local financial communities. The summit demonstrated the global financial sector's commitment to Hong Kong.

“We are excited to see our summit participants and visitors benefiting from this occasion by reconnecting with their staff, clients and stakeholders in Hong Kong and in person.”

Mr Yue added that he looks forward to seeing more events and activities taking place in the coming months as Hong Kong continues to open up.

At yesterday's summit, speakers discussed how to navigate the uncertainties brought by rising interest rates and the risk of stagflation, complicated geopolitical tensions and the lingering impact of the pandemic. They also explored how the two global mega trends, technology and sustainability, would impact the future of finance.

In addition, senior representatives from Mainland regulators shared their insights and perspectives on the Mainland economy and the opportunities arising from the continued opening up of the Mainland financial markets.

The Conversations with Global Investors seminar, jointly organised by the authority and the Hong Kong Academy of Finance today, featured eight of the world's top investment management firms.

It focused on the global investment outlook and explored how investors should position themselves to manage risks and capture future opportunities under the current investment landscape.

Over 200 international and regional leaders from around 120 global financial institutions took part in the summit.

Such institutions included banks, securities firms, asset managers, sovereign wealth funds, private equity and venture capital firms, hedge funds, as well as insurers. More than 40 of them were represented by their group chairmen or chief executive officers.

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