Hong Kong remains one of the “most ideal options” for international investment despite pressure on capital markets, the finance chief has said, pointing to an ongoing net-inflow of funds into the city.
Financial Secretary Paul Chan Mo-po struck the upbeat note on his weekly blog on Sunday, ahead of the World Economic Forum’s annual meeting in Davos, Switzerland, which he will be attending.
“It is true that in the face of the global high interest rate environment and multiple external adverse factors, Hong Kong’s asset market has been under pressure in the past year,” Chan said.
“However, it is also true that investment opportunities have become more attractive, and many funds are waiting for chances to look for investment opportunities.”
Financial Secretary Paul Chan says the total growth in deposits last year was expected to reach 5 per cent. Photo: Dickson Lee
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