Chen Maobo: Hong Kong aims to surpass Switzerland as a global asset management hub by 2027

The Zhitong Finance App learned that according to reports, Hong Kong's Financial Secretary Chan Mao-po said in an interview with the media that Hong Kong's unique role as a free port is an important bridge connecting the mainland and the world, bringing many opportunities for cooperation to various industries such as the financial industry. He also pointed out that Hong Kong aims to surpass Switzerland as a global asset management hub by 2027, and there have been strong inflows of capital from the Greater Bay Area, the Middle East and ASEAN regions recently.

Chen Maobo said that traditional markets such as the US and Europe are very important. Hong Kong is still a key hub and gateway connecting these markets, but at the same time, it also needs to introduce new capital and develop new markets, such as expanding into the global South, the Middle East and ASEAN regions. Taking the stock market as an example, Chen Maobo pointed out that liquidity has performed well in the past 18 months, and many companies are also lining up to go public.