Hong Kong Financial Secretary Paul Chan: Hong Kong has become a safe haven for capital, with multiple international institutions planning to increase their staff.

Golden Finance reported that the Financial Secretary of the Hong Kong Special Administrative Region, Chan Mo-po, published a blog stating that due to the influence of geopolitical situations, global investors are reassessing the risks of their asset portfolios and adjusting investment strategies to diversify risks, with Hong Kong becoming a safe haven for capital. The total amount of bank deposits in Hong Kong rose by over 10% this year, following a 7% increase last year, exceeding 19 trillion HKD; new stock fundraising activities are leading globally, the wealth management industry is flourishing, and financial cooperation with various parts of the world continues to deepen, reflecting international capital's preference for the Hong Kong market. Several significant new stocks have raised capital this year, attracting many cornerstone investors from the West and the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have expressed that their institutions are planning to increase hiring and expand operations in Hong Kong.