Derived from PANews, Hong Kong's Financial Secretary Tung Pak-wah stated that due to geopolitical tensions, global investors are reassessing their portfolios and diversifying their investments, with Hong Kong emerging as a safe haven. Hong Kong's total bank deposits have risen by over 10% this year to more than HKD 19 trillion, while its initial public offerings (IPOs) and wealth management industry continue to thrive. Several international financial leaders recently attending events in Hong Kong have indicated that their institutions are planning to expand their presence by hiring more staff.
Hong Kong Becomes Safe Haven for Capital Amid Geopolitical Tensions, International Institutions Plan to Expand
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