The Hong Kong Monetary Authority (HKMA) will host a high-level financial conference in November, and hundreds of the world’s leading bankers and finance executives will be treated like royalty.
HKMA CEO Eddie Yue Wai-man announced that the third edition of the Global Financial Leaders’ Investment Summit will take place from November 18 to 20 and that the event will be hosted by the city’s de facto central bank.
“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.”
According to Yue, invitations have been sent by the HKMA to CEOs and senior executives in banking and finance. More prominent financiers are anticipated to respond later. Approximately 60 have either expressed interest in attending or accepted.
The HKMA will be hosting its third annual financial forum on this occasion.
When the city began to loosen its COVID-19 travel restrictions in November 2022—after three years—more than 200 executives attended the first event, which was intended to demonstrate to the world that Hong Kong had made a comeback to the global scene.
At the second edition, which commemorated the HKMA’s 30th anniversary and took place in November 2023, over 300 executives attended.
Last year, 90 companies, including Morgan Stanley, Standard Chartered, Citigroup, Blackstone, UBS, and JPMorgan, sent CEOs and chairmen to attend the summit.
According to Yue, the format of the summit will be similar to the previous one, with a public forum on banking and financial issues on day two, and a private gala dinner on day one.
He did not reveal the schedule for the third day, but according to a source, it would follow the same format as the previous year, concluding with a forum on asset management that the Securities and Futures Commission and the HKMA co-hosted.
This year’s summit will take place at a Wan Chai hotel, the source said.
By holding summits in the city, numerous financial firms have become members of the HKMA.
At the end of this month, the Swiss bank UBS Group will hold an investment conference in Hong Kong, carrying on a tradition started by Credit Suisse Group. This is a sign of the continued integration of the two lenders after their acquisition last year.
More than 2,000 global institutional investors and ultra-high-net-worth individuals are expected to attend the two-day conference on May 28 and 29, which is part of the week-long Asian Investment Conference that starts on May 27.
The UBS conference, which takes place in April after HSBC’s Global Investment Summit, is recognized as Asia’s preeminent investment conference.
The capital markets forum, which is being held in Hong Kong for the first time internationally this Thursday, is being co-hosted by Saudi Exchange’s parent company, Saudi Tadawul Group, and Hong Kong Exchanges and Clearing, the operator of the city’s exchange.
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