Global Impact: ‘Hong Kong is back’: global financiers herald city’s return
- Global Impact is a fortnightly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
- In this edition, we look back at the highlights from the Global Financial Leaders’ Investment Summit and ponder what it means for Hong Kong’s future as a global financial hub.
The event, led by the Hong Kong Monetary Authority (HKMA), kicked off informally on Tuesday with a closed-door meeting between some invited bankers and the city’s financial officials at the office of the de facto central bank.
Bankers and financiers seen arriving for the meeting included HSBC CEO Noel Quinn, Standard Chartered group CEO Bill Winters, Goldman Sachs CEO David Solomon, Morgan Stanley chairman James Gorman, UBS Group chairman Colm Kelleher, Bank of China president Liu Jin, BlackRock president Rob Kapito, Credit Suisse chairman Axel Lehmann, JPMorgan Asia-Pacific CEO Filippo Gori, Pimco CEO Emmanuel Roman, and Carlyle Group co-founder and co-chairman William E. Conway Jr.
Deputy Financial Secretary Michael Wong Wai-lun led the Hong Kong officials at the meeting, joined by the Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, Securities and Futures Commission chief executive Ashley Alder, and Nicolas Aguzin, CEO of Hong Kong Exchanges and Clearing Limited (HKEX).