The Bloomberg Wealth Asia summit returns to Hong Kong after a three-year break, bringing together the region’s leading investors, economists and money managers.
Speakers scheduled for the conference Tuesday include Hong Kong Monetary Authority Chief Executive Eddie Yue, New World Development Company Ltd. CEO Adrian Cheng; and HSBC Global Private Banking and Wealth CEO Annabel Spring.
HKMA’s Yue on Property Market (9:42 a.m. HK time)
Hong Kong real estate has rebounded quite nicely and the banking system is resilient, Yue said at the conference. There may be room to increase deposit insurance and a group is studying the issue, he said.
Hong Kong is looking at expanding products in the wealth connect with mainland China, including potentially global equity products, Yue said.
The city’s economic growth may be on the high side of government estimates, Yue said.
--With assistance from Jonas Bergman.
