Hong Kong will roll out the red carpet to hundreds of top global bankers and finance executives in November a high-level financial conference to be hosted by the Hong Kong Monetary Authority (HKMA).
The city’s de facto central bank is organising the third edition of the Global Financial Leaders’ Investment Summit from November 18 to 20, according to HKMA CEO Eddie Yue Wai-man.
“The summits in the past two years have been a proven success to bring in top executives of international firms to Hong Kong to witness our developments,” Yue told a media briefing after attending a Legislative Council meeting on Monday.
“The executives who attend the summit can also meet local staff and clients, while some of them could also visit the mainland. They can share their insights about Hong Kong when they return home, which are important to tell a good story about Hong Kong.”
The HKMA has sent invitations to CEOs and senior banking and finance executives, Yue said. Some 60 top financiers have accepted or shown an interest in attending, while more are expected to respond later.
This will mark the third annual financial forum hosted by the HKMA.
The first was attended by more than 200 executives in November 2022 when the city started to relax its Covid-19 travel restrictions after three years, and aimed to show the world that Hong Kong had returned to the world stage.
The second edition in November 2023, which celebrated the 30th anniversary of the establishment of the HKMA, attracted more than 300 executives.
CEOs and chairmen from 90 firms, including Morgan Stanley, Standard Chartered, Citigroup, Blackstone, UBS and JPMorgan, flew in for the summit last year.
The summit will be structured like the last one, with a closed-door gala dinner on the first day followed by a public forum on banking and financial issues on the second, Yue said.
He did not disclose the third day’s arrangement, but a source said it would be similar to last year, with a forum on asset management co-hosted by the HKMA and the Securities and Futures Commission to end proceedings.
The summit will be held at a hotel in Wan Chai this year, the source added.
Many financial firms have joined the HKMA by hosting summits in the city.
Swiss bank UBS Group will host an investment conference in Hong Kong at the end of this month, continuing a tradition begun by Credit Suisse Group, in a sign of further integration of the two lenders following last year’s takeover.
The week-long Asian Investment Conference will begin on May 27, including a two-day conference to be held on May 28 and 29, with more than 2,000 global institutional investors and ultra-high-net-worth individuals in attendance.
The UBS event is widely regarded as Asia’s premier investment conference and follows HSBC’s Global Investment Summit in April.
This Thursday, bourse operator Hong Kong Exchanges and Clearing will team up with Saudi Tadawul Group, the parent company of Saudi Exchange, to co-host the Capital Markets Forum Hong Kong – the inaugural international edition of the forum in the city.
