HKMA Keen to Highlight City’s Energy and Vibrancy at Second Summit
(6 October 2023 - Hong Kong) The Hong Kong Monetary Authority, the city's de facto central bank is organising the second edition of its Global Financial Leaders' Investment Summit to showcase to the world that Hong Kong is back to normal and open for business.
The theme of this year's summit is "Living with complexity", following on from last year's "Navigating beyond uncertainty".
In an interview with the SCMP, HKMA CEO Eddie Yue mentioned the uncertainties included a global economic slowdown, the uncertain path of inflation, interest rates and geopolitics, as well as disruptions brought about by new technology.
Mainland financial regulators and institutions will also join the summit in person this year.
"It is useful for them to be in Hong Kong in person ... when there are so many concerns about the Chinese economy," Yue said. "People really want to hear about it from the horse's mouth."
The HKMA is also keen on banking and finance heavyweights to "feel the energy, vibrancy and also see the opportunities here", in an attempt to combat the current downbeat perception the city has obtained over the last few years. Keeping hold of its financial hub status is proving difficult with top talent continuing to leave the city for places like Singapore.
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