Redefining Hong Kong: city remains key beneficiary of China’s continued opening up efforts

Hong Kong’s strength as an asset and wealth management hub stems from its role as the gateway to mainland China, according to panellists at a forum on Friday, citing the city’s deep connection to a vast pool of Chinese resources, capital flows and entrepreneurial innovation.
“Most of the world’s wealth will originate from mainland China in this century, and Hong Kong will be a key beneficiary, thanks to its unique position as part of the Greater Bay Area and an offshore centre close to the heart of global wealth creation,” said Zhao Yang, managing director at investment bank China International Capital Corp.
He spoke at the forum on Next Generation Wealth, part of the South China Morning Post’s Redefining Hong Kong series, which was sponsored by insurance giant Prudential.

Beijing’s opening up policy brings “more innovative hi-tech companies to Hong Kong”, Zhang said. “More capital influx would lower funding and financial opportunities in Hong Kong, providing a very good macro environment for business.”

Source link

Visited 1 times, 1 visit(s) today

Related Article

The force confirmed the truck was not carrying any explosive materials. Photo: Handout

Dump truck catches fire in Hong Kong’s Causeway Bay shopping district

A dump truck caught fire in Hong Kong’s shopping district of Causeway Bay on Thursday, resulting in dark smoke billowing across a busy street. Photos posted online in the afternoon showed that a truck on Paterson Street was on fire, producing a large column of black smoke that drew a crowd of onlookers. The fire

3 October 2025
Hong Kong sets 2-week nomination period for Legislative Council election

Hong Kong sets 2-week nomination period for Legislative Council election

Hong Kong will begin its two-week nomination period for the next Legislative Council election on October 24, paving the way for the return of 90 lawmakers in only the second poll held under Beijing’s “patriots-only” electoral reform. Gazetting the electoral arrangement on Friday, the Registration and Electoral Office said the nomination will run until November

3 October 2025
Opinion | Hongkongers must see the waste-charging scheme makes financial sense

Opinion | Hongkongers must see the waste-charging scheme makes financial sense

As a super typhoon headed towards the city last week, the government announced that the long-delayed waste-charging scheme would remain indefinitely suspended. The broader socioeconomic challenges confronting Hong Kong are real. However, the city risks forfeiting a critical opportunity to meet the target set in the Waste Blueprint for Hong Kong 2035, a gradual reduction

3 October 2025
Cheung Chau. Liu Chi-leung preserves Hong Kong’s disappearing streetscapes through detailed drawings. Photo: Handout

Spirit of Hong Kong Awards: meet the illustrator keeping the city’s urban memory alive

When Hong Kong illustrator Liu Chi-leung walked past his old primary school in Western District a few years ago, he noticed familiar streetscapes disappearing under redevelopment. Liu, who goes by the pen name LeE-papa, sketched one of the buildings and shared it online. “I put it on Facebook, and old classmates and neighbours recognised it.

3 October 2025
Hong Kong may issue T1 on Friday night, assess need for higher warning on Saturday

Hong Kong may issue T1 on Friday night, assess need for higher warning on Saturday

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory has said it will consider issuing the No 1 typhoon standby signal on Friday night and assess the need for a higher one the next day as Tropical Cyclone Matmo

3 October 2025