Hong Kong emerges as safe haven for global capital, Paul Chan says

Hong Kong has increasingly become a safe haven for global capital as investors re-evaluate risks amid geopolitical tensions, Financial Secretary Paul Chan Mo-po said in his blog, adding that many international financial institutions are planning to expand headcount in the city.

Chan highlighted that Hong Kong is evolving from a springboard for international firms entering the Chinese mainland to a multifunctional platform enabling both domestic and foreign companies to access each other’s markets.

Bank deposits in the city have risen over 10 percent this year to more than HK$19 trillion, after rising 7 percent last year.

Several high-profile initial public offerings this year have attracted cornerstone investors from the West to the Middle East, while visiting international financial leaders have indicated plans to expand their headcount and operations in Hong Kong, he added.

On trade and shipping, Chan said Hong Kong’s merchandise exports have grown year-on-year for 19 consecutive months, rising 11.3 percent in the first three quarters of 2025, despite global protectionist pressures.

The SAR government is working to promote Hong Kong’s shipping sector globally and support its transformation through higher-value services, expanded commodity trade, new markets, and innovative technology, Chan said.

The government is also pushing for digital, green, and smart port development to boost efficiency, positioning Hong Kong as a strategic hub for global shipping innovation.