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FII conference: Hong Kong’s capital market, hub status highlighted as city seeks bridge role to boost Middle East ties

  • Collaboration is the bedrock of innovation as the world works towards a sustainable future, FII Institute CEO Richard Attias says
  • The PIF will look to open new offices in mainland China and India as part of its expansion plans, Saudi wealth fund’s governor Yasir Al-Rumayyan says

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(From left) FII Institute CEO Richard Attias, Chief Executive John Lee, FII Institute chairman Yasir Al-Rumayyan, HKEX chairwoman Laura Cha at the gong-striking ceremony at the FII Priority Hong Kong conference on Thursday. Photo: Jonathan Wong

Hong Kong is ideally placed to serve as a bridge between China and the Middle East, with the city’s capital market and government’s focus on tech and innovation acting as catalysts to help the world transition towards a sustainable future, according to speakers at the FII’s first Asia conference.

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Participants also discussed the ethics and regulations surrounding artificial intelligence (AI), advanced technology and the future of sustainability, some of the biggest concerns facing humanity.

“We would like to build a system of collaboration, the bedrock of innovation, to transcend boundaries and work together for solutions that benefit not just our individual businesses but society as a whole,” Richard Attias, CEO of the Future Investment Initiative Institute, a think tank backed by Saudi Arabia’s Public Investment Fund, said in his opening remarks.

“That will lead us to a future where business success and social progress go [hand in hand].”

Yasir Al-Rumayyan at the FII Priority Hong Kong conference on Thursday. Photo: Jonathan Wong
Yasir Al-Rumayyan at the FII Priority Hong Kong conference on Thursday. Photo: Jonathan Wong

More than 1,000 policymakers, business leaders and investors have gathered in Hong Kong to discuss the trends that will impact the world’s future at the two-day FII Priority Hong Kong conference themed “Megatrends Shaping Humanity”.

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