Wealth Management Expo 2025: FS expresses confidence in HK

發佈日期: 2025-06-21 19:45

TVB News

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At the Wealth Expo 2025, Financial Secretary Paul Chan said he is confident that Hong Kong would surpass Switzerland and becomes the world's No. 1 cross-border asset management centre within three years.

Also speaking at the event, Secretary for Culture, Sports and Tourism Rosanna Law noted with Kai Tak Sports Park hosting more sports events, it frees up availability at the Hong Kong Coliseum, allowing the venue to host extra concerts.

The wealth management expo 2025 was held in a hotel in Central on Saturday afternoon.

Officiating at the ceremony, Financial Secretary Paul Chan said in the first five months of 2025, the city's stock market recorded an average daily turnover of over 240 billion dollars, marking a 120 percent surge year-on-year.

Initial Public Offerings in the city raised nearly 90 billion dollars, placing Hong Kong at the top of the global IPO rankings.

Local bank deposits rose to 18 trillion dollars, which Chan said reflected an influx of funds into the city.

The finance chief said Hong Kong continues to maintain its status as a free port and a safe haven for international funds.

Paul Chan noted the number of family offices in Hong Kong is expected to increase from 2,700 to 3,000 soon.

Chan said it is expected that in the next two years -- at most three years -- Hong Kong will surpass Switzerland and become the world's number one cross-border asset management centre.

At the forum, economist Tao Dong, said it is difficult for Hong Kong to sustain its economic prosperity if it relies on finance alone.

He said Hong Kong should be integrated with the Greater Bay Area to create a new growth engine while leveraging Shenzhen tech companies, which offer ample opportunities for IPO listings.

Secretary for Culture, Sports and Tourism Rosanna Law spoke on Hong Kong's developments in culture and sports.

She said more venues will be reserved for long-term performances of Cantonese opera and other cultural shows, including the East Kowloon Cultural Centre, which will complete construction by the end of the year.

She noted that with Kai Tak Sports Park hosting more sports events, it frees up availability at the Hong Kong Coliseum in Hung Hom, allowing the venue to host more concerts and entertainment events.