Julia Chan’s Post

🌏 Global Nod to Hong Kong's FinTech Leadership 💼💡 Hong Kong continues to cement its status as a global financial powerhouse! In the latest Global Financial Centres Index (GFCI) report, Hong Kong has reclaimed its spot as Asia’s top financial centre.   From virtual banks to AI-driven insurance solutions, Hong Kong is shaping the future of finance. Its leadership in areas like listed companies, market capitalisation, and family offices, along with rapid FinTech growth, is transforming the financial landscape. This rise isn't just a testament to Hong Kong’s strengths but also to its unique role in connecting global markets with Mainland China.   Exciting times ahead for Hong Kong's financial ecosystem! 🚀🔗   💬 Want to dive deeper into this topic? Read my full insights in my latest column! https://shorturl.at/feqRX   #FinTech #FinancialLeadership #HongKongFinance #Innovation #GFCI #GlobalFinance

Hong Kong has moved up to No. 3 in the latest Global Financial Centres Index, reaffirming its place as one of the world’s leading financial hubs. Hong Kong leads the Asia-Pacific region and saw the biggest leap in ratings among the top five centres, thanks to its strengths in investment management (now ranked 1st globally), as well as its rapidly rising position as a fintech hub, climbing five spots to No. 9. With over HK$31 trillion in assets under management and an ever-growing influx of investments, Hong Kong continues to thrive as a dynamic, forward-looking financial centre. Read the full press release by the HK Government at: https://lnkd.in/d7y3NUza #HongKong #GFCI #FinancialCentre #InvestmentManagement #Fintech #AsiaPacific #GlobalFinance

Money matters! Hong Kong has moved back into the top 3 global financial centres, in the latest Global Financial Centres Index (#GFCI) published on Sep 24. Hong Kong rose one place to No. 3 out of 121 financial centres around the world, and ranked first in the Asia-Pacific region, thanks to its competitiveness in various areas including "business environment", "human capital", "infrastructure" and "reputational and general", while the city's ranking in the "investment management" category moved up to first place globally. Hong Kong also jumped five places to No. 9 in the GFCI's fintech hub ranking. 👇 Find out more: https://ow.ly/iAZP50TuZOS #hketoberlin #hongkong #brandhongkong #asiasworldcity #financialservices #GlobalFinancialCentres #GFCI #excellencehk

There is still a long way to go but it's a good sign that Hong Kong is starting to get its finance industry mojo back. Each week seems to bring more corporate events to the city, and Fintech Week is just around the corner. The fundamentals of the city remain. Yes, many expats and Hong Kongers have left the city, but there are still many who are still here. The city needs to think long and hard about how it evolves over the next decade. Changes are afoot but I sure hope the city can preserve the core of Hong Kong's culture and traditions and allow them to cohabit and thrive with fresh and exciting new things that will draw more tourists, overseas businesses and expats here. Take food for example. We're number one for pineapple buns with butter, egg sandwiches, sourdough egg tarts, and Hong Kong milk tea, as well as no.1 in Asia's best cocktail bar ratings. In sports, fencing is flourishing thanks to its development over two decades and the successes over the last two Olympics. And the HK Rugby 7s is, without debate, the finest 7s tournament anywhere in the world. Here are a few things I would like to see in the next five years: 1. Bring the F1 Grand Prix to Hong Kong - what a spectacle that would be with Hong Kong's famed cityscape in the background. If SG can do it, so can HK! 2. Develop Hong Kong as an e-sports centre with more major events to attract the local and international crowd. 3. Bring back the street food scene and thus the footfall - revive the "dai pai dong" hawker licences and reintroduce the street carts that were so popular for decades in the city. No more food trucks, please, that was a disaster, and make food licences renew annually at cheap rates and be revokable for poor performance so that it doesn't become a tradeable commodity like the taxi industry. 4. Reignite the entertainment industry. Too much talent moved to the Mainland for more money, and too much reliance is still placed on stars like Tony Leung and Chow Yun Fat. Hong Kong was internationally renowned in the 1990s for its movies, but it's now a bare husk of what it used to be, with some exceptions like this year's excellent Twilight of the Warriors: Walled In. 5. Bring back the international music scene. We now have a new sports stadium at Kai Tak where the next HK7s will be hosted. If it's good for HK7s, its good for Blackpink and Taylor Swift. 6. Develop the local music scene - literally hundreds of thousands of kids get to grade 7 in piano or violin before they reach the age of 5 (I exaggerate!), why aren't any of these students developing their own music and performing? What's the point in all that money being invested over years for a piece of paper with a number on it? 7. Make Hong Kong the world's greenest and high tech city. No more sham of a public recycling project where all recycled waste gets thrown in with regular trash by waste collection. Future proof the city with tech-ready legislation. Any others?

Money matters! Hong Kong has moved back into the top 3 global financial centres, in the latest Global Financial Centres Index (GFCI) published on Sep 24. Hong Kong rose one place to No. 3 out of 121 financial centres around the world, and ranked first in the Asia-Pacific region, thanks to its competitiveness in various areas including "business environment", "human capital", "infrastructure" and "reputational and general", while the city's ranking in the "investment management" category moved up to first place globally. Hong Kong also jumped five places to No. 9 in the GFCI's fintech hub ranking. Find out more: https://lnkd.in/gVZ5ZePF #hongkong #brandhongkong #asiasworldcity #financialservices #GlobalFinancialCentres #GFCI #excellencehk

Money matters! Hong Kong has moved back into the top 3 global financial centres, in the latest Global Financial Centres Index (GFCI) published today (Sep 24). Hong Kong rose one place to No. 3 out of 121 financial centres around the world, and ranked first in the Asia-Pacific region, thanks to its competitiveness in various areas including "business environment", "human capital", "infrastructure" and "reputational and general", while the city's ranking in the "investment management" category moved up to first place globally. Hong Kong also jumped five places to No. 9 in the GFCI's fintech hub ranking. Find out more: https://lnkd.in/gVZ5ZePF #hongkong #brandhongkong #asiasworldcity #financialservices #GlobalFinancialCentres #GFCI #excellencehk

The Hong Kong Monetary Authority (HKMA) launches Digital Bond Grant Scheme with maximum grant of HKD2.5 million ($321 million) for each eligible digital bond issuance in Hong Kong. Read - https://lnkd.in/gAXifjGJ follow Caproasia | Driving the future of Asia The Hong Kong Monetary Authority (HKMA) has launched the Digital Bond Grant Scheme with maximum grant of HKD2.5 million ($321 million) for each eligible digital bond issuance in Hong Kong.  HKMA (28/11/24): “The Hong Kong Monetary Authority (HKMA) launched today (28 November) the Digital Bond Grant Scheme (DBGS), which was announced in the 2024 Policy Address.  The DBGS aims to promote the development of the digital securities market and encourage broader adoption of tokenisation technology in capital market transactions. Subject to the satisfaction of relevant eligibility requirements under the DBGS, a maximum grant of HK$2.5 million will be offered to each eligible digital bond issuance in Hong Kong. Following industry consultation, the HKMA has set out the details of the DBGS in the Guideline on the Digital Bond Grant Scheme. The DBGS will start accepting applications today, with an initial period of three years.”

In a recent article, I shared my perspective on Hong Kong’s unique potential to reinforce its status as a leading global financial center. With new policy initiatives, Hong Kong continues to solidify its role as the world’s largest offshore RMB hub, while enhancing its capabilities in risk and wealth management. The city is also committed to financial reforms and expanding partnerships, particularly with the Middle East and ASEAN.   Hong Kong’s growing integration with Mainland China, especially through the GBA, creates opportunities in cross-border payments and green finance. Strengthening collaboration with Mainland China in digital finance, promoting connectivity of digital financial products and services between the two, and enhancing Hong Kong’s competitiveness in the global fintech market are key. Additionally, Hong Kong is broadening ties with both established and emerging markets.   In FinTech, Hong Kong is driving innovation in digital currencies and cross-border payments. By attracting more global investors and leveraging its strategic role as a bridge between China and the world, Hong Kong will remain a key player in the global financial ecosystem.   For the full article (in Chinese): https://lnkd.in/g2JqA7tB   #GBA #Policy #6Connects11cities

Citywire Asia Alternatives & Private Markets Forum in Hong Kong: High interest rates not a death knell for private equity. https://bit.ly/3UyoaUZ Private banking alts specialists said that while private equity has not come back in a big way, with nuanced strategies regarding vintage and manager selection, inflows are coming back. #privatemarkets #alternatives #forum #event #citywire #citywireasia #asia

𝗙𝗦𝗗𝗖 𝗪𝗲𝗹𝗰𝗼𝗺𝗲𝘀 𝘁𝗵𝗲 𝗣𝗼𝗹𝗶𝗰𝘆 𝗔𝗱𝗱𝗿𝗲𝘀𝘀 𝟮𝟬𝟮𝟰 🌟 #FSDC supports the Chief Executive's third Policy Address, fostering a diversified, innovation-driven economy to enhance #HongKong's prosperity and global relevance. Mr Laurence Li SC, FSDC Chairman, emphasized Hong Kong’s role as a #globalconnector, granting us unparalleled access to global capital, creating a platform for #innovation, #investment and #collaboration across borders. Dr King Au, FSDC Executive Director, highlighted the significance of fintech innovation in maintaining Hong Kong’s competitive edge in a digital economy." We are encouraged by initiatives to strengthen HK’s #IFC status and competitive edge, including boosting offshore RMB business, enhancing the asset and wealth management sector, and the "Study in Hong Kong" brand to attract talent from #ASEAN and #BeltAndRoad countries. #FSDC is optimistic about meaningful and sustainable advancements in our city’s financial services sector and stands ready to support successful implementation. #FSDC #PolicyAddress2024 #IFC #FinancialHub #GlobalConnectivity #HongKong Financial Services and the Treasury Bureau (FSTB)