Exclusive | HSBC to feature ex-ECB president Draghi and Ark Investment’s Wood at summit in Hong Kong – Technologist

The conference is expected to draw more than 3,000 delegates from around the world and registration is open now, HSBC said.

High-profile gatherings like the Global Investment Summit will help Hong Kong to retain its position as a global financial centre at a time when it is weathering downturns in the property and initial public offering markets and grappling with a slowdown in economic growth on the mainland. Hong Kong’s stock market, the third-largest in Asia, is also struggling to maintain momentum after China disappointed investors with a fiscal stimulus plan and Donald Trump’s re-election as US president.

Top executives from HSBC, Goldman Sachs, JPMorgan Chase, Citigroup, BNP Paribas, Oaktree Capital Management and KKR were also there in a show of support for Hong Kong. The city is a key profit centre for many of these companies and some of them maintain major regional headquarters there.

At the summit, He pledged more support for Hong Kong to strengthen its status as a centre for the offshore yuan market by issuing more government bonds and helping Chinese companies to list in the city. China Securities Regulatory Commission chairman Wu Qing also said commodity trading could be added to the Connect scheme that currently allows for cross-border transactions on stocks, bonds and wealth-management products.