Hong Kong Emerges as Capital Safe Haven as Deposits Surge
- clariza malaay
- 2 days ago
- 1 min read
Hong Kong safe haven capital flows are strengthening as global investors reassess geopolitical risks, Financial Secretary Paul Chan said.
Bank deposits have risen more than 10% this year to above HKD19tr (USD2.43tr) after a 7% increase in 2024.
Several major listings drew cornerstone investors from the West and the Middle East, while global financial groups plan to expand operations locally.
Chan said Hong Kong is transitioning from a one-way China gateway to a two-way platform linking domestic and overseas markets.
Merchandise exports have grown for 19 consecutive months, rising 11.3% in the first three quarters of 2025.
To support this momentum, Hong Kong is developing digital and smart-port infrastructure to strengthen shipping and trade services.