A senior executive from the government team outlines key markets where it expects to intensify efforts to woo wealthy families to set up offices in Hong Kong. Competition, however, will be fierce.
The outlook for 2023 is cautiously optimistic given the recent performance of Hong Kong and Chinese equities, which account for about 25% of the pension fund's total assets.
Hong Kong is planning to add southbound trading under the current Bond Connect Scheme with mainland, providing onshore Chinese investors more diversified offshore exposure.