Xu Jiayi: Hong Kongs response to the risk change bureau must maintain an interna

Source: Hong Kong Zhongtong News Agency

Author: Xu Jiayi

How can Global Economy continue to be weak and continue to be high. How can Hong Kong cope with risks and changes as a small open economy?Is Hong Kong lost the status of the international financial center as the outside world said?"Hong Kong Finance Forum 2023: Discussion and high -quality development of Hong Kong's internationalization and high -quality development" hosted by the Hong Kong Economic Daily and the South China Morning Post was held in Hong Kong on the 27th. Many people of politics and business people pointed out that what Hong Kong is doing is creating opportunities.

It is generally believed that the world economy will enter the state of high inflation, high interest rates, low -growth, and high debt next year.Qiu Yinghua, director of the SAR Government's Business and Economic Development Bureau, admits that the future development of Hong Kong enterprises will inevitably be under pressure. Therefore, it is necessary to improve Hong Kong's competitiveness, actively develop emerging markets, find new growth points, and inject development momentum for Hong Kong and the national economy.

Ma Shiheng, a member of the International Consultation Committee of China Investment Co., Ltd. and chairman of Fuwei Group, noticed that many people are pessimistic about the Hong Kong financial market because of the sluggish IPO market in Hong Kong this year.In fact, the global IPO market has declined. Among the five pillars of the Hong Kong financial market, bonds, wealth management, insurance, and banking industry have done very well. The status of the Hong Kong financial center is stable. It is believed that the potential for green bonds and wealth management is great.

The Middle East is becoming an important source of global economy.Chen Maobo, director of the Financial Secretary of the SAR Government, said that in addition to consolidating the traditional European and American markets, Hong Kong also needs to find new partners in Southeast Asia and the Middle East to absorb new funds.Asia's first Saudi ETF will be listed in Hong Kong. While raising funds in Hong Kong to the Middle East, they are confident that they can attract more new funds to Hong Kong.

Hong Kong earlier the forecast of the growth of total local product growth throughout the year to 3.2%.Cai Hongbin, dean of the School of Economics and Management of the University of Hong Kong and a lecturer at economics, described that Hong Kong's economic recession is a "pseudo -proposition".

He said that from the horizontal point of view, Hong Kong is currently better than the economy in many places, and the unemployment rate is very low, only 2.9%; in the long run, the US interest rate hike has reached the end.Hong Kong's "basic" is excellent, and the capital market will inevitably show multiple growth.

How can Hong Kong overcome short -term difficulties and achieve long -term development?Ma Shiheng believes that the gathering of talents and the optimization of the system are the foundation of improving development efficiency.Cai Guanshen, president of the Hong Kong General Chamber of Commerce, reminded that he should not be internationalized on the way to the Greater Bay Area, and we must welcome international companies to come to Hong Kong.

Yuan Guoqiang, co -chairman of the Hong Kong International Arbitration Center, pointed out that Hong Kong must maintain internationalization, the rule of law and arbitration is an important link, and the society in the rule of law must have a fair mechanism to resolve business disputes.Taking London, New York, and Paris as an example, places where the commercial economy is developing, the development of arbitration is definitely good.