Exclusive | Hong Kong’s ‘back in business’ claim rings true, as client focus on mainland China undiminished: Deutsche Bank CFO
- Hong Kong is ‘very much back in motion’, James von Moltke says after German lender hosts board meeting in the city alongside global banking summit
- ‘Among our German clientele, there’s no sense of a separation of the links between the German economy and the Chinese economy,’ he says
“From the outside looking in, you’re worried that various things like Covid, geopolitics and economic challenges would have taken some of the dynamism away from Hong Kong,” James von Moltke told the Post in an interview. “However, my impression has been that’s just not the case, and that impression has been reinforced at the meetings I have had while here. It’s certainly been more positive than my original expectations.”
Hong Kong is “very much back in motion”, according to von Moltke, who earlier visited Beijing to meet the team there in his first mainland visit in six years, before arriving in Hong Kong. The Chinese capital also exhibited a “sense of reopening”, he added.
While a lot of coverage focuses on geopolitical worries slowing down investment, this has not been the case for the Deutsche Bank’s German clientele looking to invest in China, von Moltke said.
“Among our German clientele, we see continued diversification efforts, but there’s no sense of a separation of the links between the German economy and the Chinese economy,” he said.
