Hong Kong treats top bankers to banquet, cultural show to launch Global Financial Leaders’ Investment Summit
- The Hong Kong Monetary Authority hosted 300 global bankers at the Palace Museum to a four-course meal and cultural performance
- CEOs and chairmen from 90 firms, including Morgan Stanley, Standard Chartered, Citigroup, Blackstone, UBS and JPMorgan, have flown in for the summit
Heavyweights from the world’s largest banks and financial institutions, who have descended on Hong Kong for a summit organised by the city’s monetary authority, were welcomed with a banquet at the Palace Museum on Monday evening.
Henry Tang Ying-yen, the West Kowloon Cultural District Authority chairman and financial secretary from 2003 to 2007, spoke at the welcome dinner, while HKMA CEO Eddie Yue Wai-man welcomed the guests in his address. The museum is holding a number of exhibitions, including works by Botticelli, Van Gogh and treasures from the Sanxingdui archeological site in Sichuan province.
“Art is not just art,” Tang said. “It is not just a visual culture. Art is actually finance. Private banking, wealth management today is a huge business, and it is very balance sheet efficient. I know many banks are looking to Hong Kong as their platform for wealth management and asset management, and we are an ideal platform.”
