Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated that while Hong Kong performs well in financial operations such as initial public offerings (IPOs) and regulatory oversight, it must continuously explore ways to enhance its competitiveness and financial infrastructure. Speaking at an event, Hui emphasized that in the context of global transformations, the demands and significance of financial development have become increasingly prominent. He stressed the importance of building robust safeguards, with the goal of ensuring that Hong Kong possesses both business activities and foundational infrastructure in the future.
Hui expressed his aspiration for Hong Kong to evolve into both an international and comprehensive financial center, encompassing not only stocks and bonds but also commodities, starting with gold and progressing to non-ferrous metals. The authorities have recently been actively promoting the development of the gold market. He revealed that the government plans to expand tax incentives for family offices and funds to cover more asset classes, including precious metals.
Hui noted the global shift of economic influence from West to East, with recent developments in the Middle East further highlighting the safety, stability, and predictability of China and the broader Asian region. He believes that investing in Asia and the nation through Hong Kong is particularly opportune at this time.
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