Hong Kong summit draws world’s top bankers as city seeks revival
HONG Kong is expected to host the world’s top bankers in the third edition of an annual summit intended to boost the city’s status as a global financial hub.
More than 300 attendees are expected as the Hong Kong Monetary Authority (HKMA) next month will host a who’s who of finance at the Grand Hyatt Hotel, a larger venue than the Four Seasons where it was held in previous years.
Among those expected to attend are JPMorgan Chase president Daniel Pinto, Morgan Stanley chief executive officer Ted Pick, Citigroup CEO Jane Fraser and Goldman Sachs CEO David Solomon, according to a draft agenda seen by Bloomberg News.
The CEOs of HSBC Holdings and Standard Chartered, as well as Jonathan Gray, the president of Blackstone, are also slated to attend, according to the agenda. The various panels will discuss investing in Asia, private markets, the future of finance and how to navigate a “complex world”, according to the agenda.
Spokespeople at Morgan Stanley and Citigroup declined to comment. Media representatives at the other banks and firms as well as the HKMA weren’t immediately available for comment.
The gathering started in 2022 as the Chinese territory was reeling after years of some of the world’s most restrictive Covid measures and as a political crackdown had put a dent in its international reputation. The summit has emerged as a key gauge of how important the city remains to global finance.
Most big banks have pared their footprint in the city and on the Chinese mainland after a prolonged dearth in dealmaking. However, there are now signs of a pickup in activity after Beijing announced a barrage of stimulus measures.
Attendance this year has been even more closely watched locally since the forum will take place just weeks after the US presidential election, where the relationship to China has been one of the key issues.
The conference will take place from Nov 18 to 20, with a closed-door welcoming dinner on Monday (Nov 18) and a main summit on Tuesday, HKMA chief executive Eddie Yue told local lawmakers in May.
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