About 280 finance leaders attended Hong Kong’s fifth Global Financial Leaders’ Investment Summit, where sessions on markets and technology ended Tuesday ahead of a separate investor forum scheduled for Nov. 4.
The Hong Kong Monetary Authority (HKMA) said roughly 120 group chairpersons and CEOs attended. Attendees also came from banks, securities firms, asset owners and managers, insurers, hedge funds, and private equity and venture capital firms.
The HKMA, the Securities and Futures Commission (SFC) and the Hong Kong Academy of Finance will jointly host the closing “Conversations with Global Investors” forum. The SFC’s event page describes an invitation-only session on investment approaches and portfolio allocation strategies.
At Tuesday’s main summit, panels examined economic trends, financial markets and technological advances, including the risks and opportunities they create across sectors, asset classes and regions. Organizers chose “Rethinking the Playbook” as the theme for the three-day program. Vice Premier He Lifeng gave the summit’s opening address remotely through a video link. HKMA Chief Executive Eddie Yue said the event has run for five straight years and is meant to deepen ties and discussion across the international finance community.
Several speakers addressed artificial intelligence (AI) and its effects. Blackstone President Jon Gray said demand for AI computing capacity was outpacing supply and discussed possible equity financing by Meta, Google and Oracle as part of the AI funding discussion.
Standard Chartered CEO Bill Winters addressed employees’ concerns about AI and automation. Winters said automation had led to the removal of about 25,000 positions over 11 years, while the company filled other roles during that time.
Monday, Nov. 2, the program began with a welcome dinner at The Henderson. The investor forum on Nov. 4 is scheduled to be the final event.
