HSBC hails China's 'investable and indispensable' role in global markets

China is “investable and indispensable,” the Hongkong and Shanghai Banking Corporation said, highlighting the country’s growing role in global portfolios and the opportunities it presents for Hong Kong’s financial markets.

At the bank’s 12th annual China conference in Shenzhen on Monday, executive director David Liao Yi-chien said investor confidence, business resilience, and steady economic growth have supported China’s financial markets.

He said rapid advances in such sectors as AI, electric vehicles, drones, robotics, and pharmaceuticals are driving growth but remain underappreciated globally.

Liao cited an HSBC Global Investment Research survey of nearly 300 active global emerging market funds, which showed that China now accounts for almost 28 percent of their portfolios, up from 22.5 percent a year earlier.

Still, he noted, GEM funds remain underweight on Chinese equities relative to benchmarks.

He added that Hong Kong’s role as an international financial hub is being strengthened by the cross-border Connect programs, which channel capital between China and the world.

CICI CAO