Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Core Viewpoint - Hong Kong aims to enhance its status as an international financial center by attracting global champion firms across various sectors over the next decade [1][2]. Group 1: Strategic Goals - The Financial Services Development Council (FSDC) emphasizes the need for Hong Kong to innovate and lead in global markets [2]. - The city has historically been a fundraising hub for mainland Chinese companies, but it now seeks to expand its platform to include firms from Southeast Asia, the Middle East, Europe, and America [4]. Group 2: Target Sectors and Companies - Potential sectors for attracting listings include biotechnology, fintech, luxury brands, artificial intelligence, technology companies from mainland China and the US, as well as commodities and mining companies from the Middle East and Southeast Asia [6]. Group 3: Promotion and Improvement Strategies - To attract more global firms, Hong Kong should enhance its promotional efforts in emerging markets and established regions like the Middle East, Southeast Asia, Europe, and America [5]. - The FSDC suggests that improving the listing regime and considering the introduction of market makers could facilitate increased turnover for smaller listed companies [7].