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Financial summit proves HK is back to business

Foreign attendees at Hong Kong’s financial summit have hailed their unhindered participation as proof that the city can put its Covid-19 restrictions behind it and get back to business. Hong Kong’s gathering of global financiers ended on a note of optimism after two days of upbeat speeches. Chief Executive John Lee Ka-chiu in his message said that Hong Kong is back to business as supported by the fact that half of the 250 financiers in attendance from 120 global firms flew in from abroad – 40 of them being chief executives. During the three-day event, Citigroup opened its first global wealth management centre in Tsim Sha Tsui to serve dollar-denominated millionaires, joining rivals HSBC and Standard Chartered in making Hong Kong the beachhead for tapping the estimated 80,000 wealthy individuals in southern China’s Greater Bay Area (GBA).

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