International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port.
Chan, in a post on his official blog, said it had been observed in financial circles that in recent months, international capital was being allocated to the Hong Kong and mainland markets at an accelerated pace. The proportion of foreign investment in some recently listed mainland companies had increased significantly, Chan added.
Some overseas financial institutions had expanded their operations and hiring in Hong Kong, Chan said, noting that some had dispatched senior management to the city.
“International investors have a fear of missing out on good timing to invest in mainland China, given the resilience of the national economy, breakthroughs in innovation and technology and the continued deepening of the high-level opening-up policy,” he said.
