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HSBC’s David Liao: Many Firms Planning IPOs on HK Stock Mkt, which Has Immense Growth Potential
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David Liao, Co-Chief Executive of HSBC HOLDINGS (00005.HK) for Asia and the Middle East, stated that the rise of DeepSeek has wooed immense capital inflows into Hong Kong, with both international and mainland investors betting on China’s tech sector, propelling a market rebound. DeepSeek has become a turning point for global investors to recognize the value of Chinese companies through Hong Kong’s capital markets, Liao commented. International funds are flowing into Hong Kong and Chinese stock markets, while mainland investors are also investing in Hong Kong via the Southbound Stock Connect. This year’s stock market rebound reflects investor confidence in Hong Kong’s equity market, Liao said, believing there is humungous growth potential in Hong Kong’s capital markets, as many outstanding companies are receiving venture capital and private equity investments, and these firms are likely to choose IPOs as an exit strategy. Previously, HSBC’s CEO had revealed that the USD1.5 billion saved from the restructuring plan would be redeployed to high-growth areas. Liao highlighted that Hong Kong is clearly one of the investment destinations, given that over one-third of the group’s profits come from the region. Investments in Hong Kong will focus on hiring talent to enhance wealth management services and building digital platforms to provide clients with wealth management and other services, he said. Additionally, the group needs to invest in and explore new technologies, studying how AI can optimize its global banking platform. AAStocks Financial News |
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