Global tensions and the rapid growth of Chinese technology companies are driving international investors to shift assets to Hong Kong, shared Maggie Ng, CEO of HSBC Hong Kong. HSBC's wealth management business is benefiting from this trend, with nearly 2 million new individual customers added in the past two years, totaling around 7 million customers in Hong Kong. Amid geopolitical tensions, some international clients are seeking advice on portfolio diversification, reflecting a growing interest in the region.
Market experts noted that the US-Iran conflict spurred investors in the Middle East and Europe to consider moving investments to Hong Kong and other Asian markets seen as safe havens. Capital inflows into Hong Kong and mainland Chinese stocks have increased following the success of AI start-up DeepSeek, which introduced cost-effective, high-efficiency AI models last year.
Ng highlighted the ongoing geopolitical tensions and the promising growth prospects of Chinese tech firms listed in Hong Kong as factors expected to drive further capital inflows into the city this year. The combination of these factors is positioning Hong Kong as an attractive destination for global wealth in light of the current economic landscape.
