City draws interest from overseas investment firms

Two investment firms are reportedly setting up offices in Hong Kong to attract capital from the region, a sign of renewed financial activity in the city after the SAR government strives to defend the financial hub’s status, according to Bloomberg.

Paris-based Ardian SAS, which manages US$177 billion (HK$1.38 trillion) in assets, will set up a Hong Kong presence to meet growing demand from clients, which also includes demand from Chinese family offices, the report said.

Arga Investment Management, headquartered in Stamford, Connecticut, is also weighing an office in the city, which will be its fifth globally.

STAFF REPORTER