What comes next? Hong Kong seeks to unlock next phase of growth as global financial hub
In November 2022, as Hong Kong prepared to host its inaugural Global Financial Leaders’ Investment Summit, Typhoon Nalgae was bearing down on the city, bringing much of it to a standstill. However, at the Four Seasons Hotel in Central, one of the city’s most prestigious addresses, some of the year’s most important guests were arriving after nearly three years of pandemic disruptions. Inside its…
The inaugural Global Financial Leaders' Investment Summit in Hong Kong in 2022, held amidst the backdrop of the COVID-19 pandemic and social unrest, aimed to reaffirm the city's return to the global financial stage. Four years later, the summit saw around 280 financial leaders gather for discussions that had shifted towards geopolitical fractures, market volatility, and the race to dominate artificial intelligence.
While Hong Kong's fortunes had indeed changed since the inaugural event, the question now was what the city could deliver next. The city's five-year plan, unveiled in early November, outlined ambitions to strengthen its position as an international financial center while developing new growth engines in technology and innovation, including areas such as fintech and green finance.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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