陈茂波：地缘政治发展正在提升香港国际金融中心地位

Core Insights - The geopolitical developments are enhancing, rather than diminishing, Hong Kong's status as an international financial center, while also positioning it as a leading global innovation technology hub [1] - Recent shifts in U.S. policy have introduced new uncertainties globally, prompting investors to reassess risks and seek jurisdictions with transparent, consistent, and stable policy environments, which Hong Kong provides [1] - The Hong Kong stock market has seen significant growth, with the Hang Seng Index rising approximately 30% this year, driven by increased awareness among global investors regarding underexposure to the Chinese market [1] Financial Market Performance - The valuation of Hong Kong stocks was around 12 times earnings at the beginning of the year, attracting substantial capital inflow as investors recognized the potential in the Chinese market [1] - Daily trading volume has more than doubled compared to last year, with IPO fundraising reaching approximately $28 billion and post-listing financing totaling $61 billion [1] - The asset and wealth management sector has also experienced robust growth, with registered funds in Hong Kong recording a net inflow of $45 billion in the first eight months of the year [1] Banking Sector Developments - Bank deposits in Hong Kong have increased by 10% to over $2.4 trillion, indicating strong liquidity and confidence in the financial system [1] Regional Economic Cooperation - The reshaping of the geopolitical economic landscape is accelerating regional economic cooperation, promoting trade and investment between China, ASEAN, and the Middle East, with Hong Kong playing a crucial role in connecting markets and facilitating capital flows [1]