“The executives who attend the summit can also meet local staff and clients, while some of them could also visit the mainland. They can share their insights about Hong Kong when they return home, which are important to tell a good story about Hong Kong.”
The HKMA has sent invitations to CEOs and senior banking and finance executives, Yue said. Some 60 top financiers have accepted or shown an interest in attending, while more are expected to respond later.
This will mark the third annual financial forum hosted by the HKMA.
CEOs and chairmen from 90 firms, including Morgan Stanley, Standard Chartered, Citigroup, Blackstone, UBS and JPMorgan, flew in for the summit last year.
The summit will be structured like the last one, with a closed-door gala dinner on the first day followed by a public forum on banking and financial issues on the second, Yue said.
He did not disclose the third day’s arrangement, but a source said it would be similar to last year, with a forum on asset management co-hosted by the HKMA and the Securities and Futures Commission to end proceedings.
The summit will be held at a hotel in Wan Chai this year, the source added.
Many financial firms have joined the HKMA by hosting summits in the city.
The week-long Asian Investment Conference will begin on May 27, including a two-day conference to be held on May 28 and 29, with more than 2,000 global institutional investors and ultra-high-net-worth individuals in attendance.
The UBS event is widely regarded as Asia’s premier investment conference and follows HSBC’s Global Investment Summit in April.
This Thursday, bourse operator Hong Kong Exchanges and Clearing will team up with Saudi Tadawul Group, the parent company of Saudi Exchange, to co-host the Capital Markets Forum Hong Kong – the inaugural international edition of the forum in the city.