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Business leaders on what’s next for Hong Kong

In interviews with the Post, financial heavyweights including HSBC CEO Noel Quinn, JPMorgan’s Mary Callahan Erdoes and Anand Selvakesari from Citigroup talk about Hong Kong and the city’s future after the Global Financial Leaders’ Investment Summit.

Updated: 08 Nov, 2022
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[1]

HSBC vows to help reboot Hong Kong’s economy after Covid slump

HSBC will do whatever it takes to help Hong Kong’s economy recover, says CEO Noel Quinn, adding that relaxation of quarantine measures will put the city back on the international business community’s map.

07 Nov, 2022
The HSBC logo is seen on its headquarters in Hong Kong. The bank’s CEO has pledged to support the city’s recovery from the Covid-induced slump. Photo: Reuters
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[2]

Exclusive | Hong Kong ‘never left’ under Covid-19, JPMorgan’s Erdoes says

Its reputation as a global financial centre is intact, and the city ‘shouldn’t be so hard on itself’, insists Mary Callahan Erdoes, CEO of JPMorgan Asset & Wealth Management.

01 Nov, 2022
The city’s reputation as a global financial hub was diminished in the eyes of many in the industry during the pandemic. Photo: Yik Yeung-man
[3]

Citigroup opens new wealth centre in Hong Kong, saying it is ‘business as usual’

Senior Citi executive says it is ‘business as usual’ in city as lender looks to expand now that pandemic has receded, with a target to capture US$150 billion of new client money from wealthy customers in Asia by 2025.

02 Nov, 2022
Citi has launched a new Global Wealth Centre in Hong Kong. Photo: Reuters
[4]

Credit Suisse eyes China’s booming wealth management industry

The 166-year-old Swiss bank sees the sector as a key focus of a ‘radical’ restructuring that aims to return it to its core foundation, according to chairman Axel Lehmann.

01 Nov, 2022
China’s multi trillion-dollar asset and wealth management industry presents a big opportunity for Credit Suisse. Photo: Reuters
[5]

Exclusive | Swiss bank Julius Baer eyes family office opportunities in China

The private bank will expand its Hong Kong office in the coming years, as it aims to develop its wealth management and family office businesses in China and other Asian markets, says CEO.

02 Nov, 2022
Julius Baer, which is headquartered in Zurich, is the third-largest Swiss lender after UBS and Credit Suisse. Photo: AFP
[6]

Exclusive | MSCI calls Hong Kong ‘right partner’ for China access after ending SGX deal

New York-based global index provider MSCI has affirmed its decision to work with HKEX for greater access to China’s financial markets, two years after ending a licensing agreement with Singapore Exchange.

04 Nov, 2022
MSCI’s Baer Pettit says there’s ample room to deepen its cooperation with HKEX. Photo: Sam Tsang
[7]

Standard Chartered CEO supports Hong Kong as virtual-asset hub

Hong Kong is making the right moves to develop as a hub for trading in virtual assets, but should scrap all its Covid-19 travel rules to fully resume its role as a financial centre, Bill Winters says.

08 Nov, 2022
Standard Chartered CEO Bill Winters poses for a picture at the bank’s Hong Kong headquarters in Central on November 4, 2022. Photo: SCMP / Edmond So