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Hong Kong needs to attract global champions to broaden fundraising base: FSDC
Yahoo Finance· 2025-12-12 09:30
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].
Policy address 2025: Hong Kong unveils measures to boost financial centre status
Yahoo Finance· 2025-09-17 09:30
Group 1 - The Hong Kong Monetary Authority (HKMA) aims to encourage more mainland banks to establish regional headquarters in Hong Kong to enhance the city's status as an international financial center [1][3] - The local bourse operator plans to improve the listing regime as part of the government's strategy to strengthen Hong Kong's financial position [1] - The government intends to issue more RMB bonds and explore the use of renminbi for government expenditures under appropriate conditions [2] Group 2 - Authorities will introduce additional tax incentives to bolster the family office and wealth management sectors, as well as support gold and yuan trading in Hong Kong [2] - The government is actively inviting the Asian Infrastructure Investment Bank (AIIB) to set up an office in Hong Kong, enhancing the city's financial ecosystem [4] - The government has allocated funds to help universities attract top talent researchers, promoting innovation and development in the region [5] Group 3 - The policy address highlights the strategic role of the Hong Kong Investment Corporation (HKIC) in the city's economic development [6]