China News Service, Hong Kong, March 28 (Reporter Dai Xiaolu) Starting from the 25th, Hong Kong has entered the "Financial Event Week". The Milken Institute Global Investment Summit and the first Fortune Innovation Forum have been held in Hong Kong one after another. Investment elites from countries and regions gather in Hong Kong to discuss future financial development.
In recent years, the global economy has been full of challenges due to macroeconomic and other factors. Is China still the best investment destination? Will international investors continue to invest in China’s capital market? What role does Hong Kong play in this? International investors said in interviews with reporters that China's economy is sustainable and its long-term positive trend has not changed, and Hong Kong's role is irreplaceable.
Ben Harburg, managing partner of Heyu Capital, summed up his views on China’s economic development with the word “optimistic.”
He said that the mainland real estate market crisis did have an impact on China's economy, but he did not think it would drag down China's overall economic growth. In his view, China insists on promoting the development of green economy, and green and low-carbon economy has gradually become a new engine of economic development. "China's economy has begun to bottom out."
"China is not the only one facing economic problems." Kevin Bong, Singapore director of the investment management company Alberta Investment Management Corporation, also said that the downturn in the real estate market, aging population and deflation can be said to be challenges faced by countries around the world, and the difference is only in different degrees. "We are not reducing investment in China, but are considering how to enter the Chinese market more efficiently."
Wu Jiwei, chairman of Gaw Capital Partners, focused on the issue of “tight money”. He explained through the example of outlets that due to the downgrade of consumption, people went crazy to outlet malls to buy discounted brand-name goods. There are more and more outlet malls in China, and the competition between malls has become increasingly fierce. On the contrary, resulted in a decline in profit margins.
From this point of view, it seems more important than ever to identify the new direction of China's economic development.
"The changes brought about by artificial intelligence (AI) are exciting." Alicia Garcia-Herrero, chief economist of the Asia-Pacific region of Natixis, believes that AI can effectively improve productivity, reduce costs and increase efficiency, and promote economic growth. In her view, AI will gradually become the only driving force for productivity growth, thereby promoting the transformation of new technologies, changing industry development, and creating huge economic value.
Fang Fenglei, chairman of Hopu Investment, believes that "building confidence is very important." External policies are difficult to change in the short term, but as long as China has a large number of outstanding talents, a vast market and sufficient capital, economic development will only happen sooner or later.
"It is very important to give full play to Hong Kong's international advantages." Peng Fuqiang, managing partner of KPMG China's Guangdong-Hong Kong-Macao Greater Bay Area Strategy and Development Center, said that as a bridge between the mainland and the international market, Hong Kong can well help the mainland go global. He mentioned that "Hong Kong not only has the three core elements of education, technology and talents emphasized in the new quality productivity, but also does them well." It is necessary to give full play to Hong Kong's advantages, promote the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area, and boost the national economic development. .
"Economic development has cyclical characteristics." Chen Jiaqi, CEO of Hong Kong Investment Management Company, believes that China's economic development should be viewed from a long-term perspective. "Hong Kong will play an important role in China's new economic narrative." She said that as an international financial center, Hong Kong has obvious advantages, with strong economic resilience, vitality and a high degree of openness. It not only relies on the solid support of the mainland market, but also promotes the mainland market. strong support for development. (over)