Xu Huaizhi, assistant president (foreign affairs) of the Hong Kong HKMA, revealed that last year, about $ 2.3 billion (S $ 3.114 billion) Middle East Sovereign Fund funds flowed into the Greater China market.
According to Bloomberg, Xu Huaizhi's Monday (June 24) quoted the Global SWF data at a event site that 2.3 billion figures were more than $ 100 million in 2022.Xu Huaizhi said that many financial institutions and regulators in Hong Kong have gone to the Gulf market for interaction, and the market has traditionally served Europe.
He pointed out that the inflow of sovereignty funds in the Middle East has a good demonstration effect on the local real estate industry and the public in the Middle East and the public entering the Chinese and Hong Kong markets.Impact.
Hong Kong has been working hard to attract the funds of Saudi Arabia and other Middle East countries to regain the position of the stock market and its financial center.Affected by market turmoil and intensity of Sino -US relations, the number of public offering (IPO) in the Hong Kong market for the first time fell back last year.In 2023, the IPO fundraising scale is the lowest in more than 20 years.The Hong Kong government also hopes to be the first choice for the Middle East to set up a family -run in Asia.
