More than 4,500 industry leaders from over 1,200 institutions globally gathered in Hong Kong on Tuesday for the first day of the HSBC Global Investment Summit.

The three-day summit, themed “New Networks Connecting the Global Economy”, is focused on a range of topics — from the future of digital finance to sustainable investment strategies, and from the reordering of global supply chains to emerging market opportunities.

Chief Secretary for Administration Eric Chan Kwok-ki delivered a speech at the opening ceremony, in which he said that Hong Kong is making every effort to expand its network of friends within today’s global financial landscape.

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Chan said the measures being taken to build an international financial hub include continuing to enhance offshore renminbi liquidity, enhancing gold storage facilities, optimizing trading and regulatory mechanisms, expanding exchange products, and promoting the market.

“Attracting foreign investment is another promising area. We are encouraging the private sector to organize more mega-events such as this summit,” said Chan, adding that the event showcases Hong Kong's energy and business opportunities in areas such as green and sustainable finance and digital assets.

Concerning artificial intelligence, Chan said the Hong Kong Special Administrative Region government has issued a policy statement outlining the city’s responsible approach to applying AI within the financial market. “These digital regulatory advancements also pave the way for further innovation in fintech,” he added. 

Contact the writer at thor_wu@chinadailyhk.com