Foreign Investors Looking To Expand In HK: Eddie Yue

Hong Kong remains resilient as a global financial hub favoured by investors and businesses from around the world despite external uncertainties and challenges, says Monetary Authority chief Eddie Yue.

In an interview with Xinhua News Agency, Yue said Hong Kong has held up well against unfavourable conditions in recent years, including social unrest, US sanctions, and the Covid-19 epidemic, and he believes foreign investors remain optimistic about Hong Kong's prospects.

Thanks to the enactment of the national security law, stability and tranquillity were resumed, which has provided a stable business environment and made financial institutions at ease here, he said.

A year ago, some foreign investors were concerned as the national security law began to take effect, but now they are only interested in how to seize the emerging opportunities in Hong Kong and the Chinese mainland, especially financial technology and green finance, Yue said.

"They actually consider putting more resources and expanding business here," he said.

"Despite challenges in the past two years, Hong Kong's financial industry is still stable. Its international financial centre status does not diminish but has become even stronger."