Global investors remain confident in Hong Kong: FS

Financial Secretary Paul Chan on Friday said global investors have confidence in Hong Kong, dismissing reports of capital moving out of the city. Speaking at a forum on wealth management, Chan highlighted Hong Kong's status as a well-established international financial hub. "Hong Kong's fundamentals as an international financial centre have remained as strong as ever. Recently, Hong Kong returned to the top three global financial centres, along with New York and London," he said. "Yet from time to time, we come across reports about Hong Kong, such as those on the outflow of funds. A few important facts will illustrate that international investors remain highly confident in Hong Kong." The finance minister said Hong Kong's stock market has continued to grow, raising about HK$70 billion through initial public offerings (IPOs). Chan added that asset and wealth management companies have been expanding their businesses in Hong Kong, increasing office space rentals and relocating senior executives to the city.