Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

World News

Wall Street titans to join summit in Hong Kong as COVID rules relaxed

HONG KONG — The heads of some of the world’s top banks and asset managers will attend an investment summit in Hong Kong on Nov. 2, the city’s financial regulator said on Thursday, signaling a re-opening of the financial hub after strict pandemic-linked curbs. 

Goldman Sachs Group Inc. Chief Executive Officer David Solomon, Citigroup Inc. head Jane Fraser, Morgan Stanley boss James Gorman and BlackRock Inc. President Rob Kapito will be among the speakers at the Global Financial Leaders’ Investment Summit, the Hong Kong Monetary Authority (HKMA) said. 

Hong Kong officials hope the most high-profile event since the start of the pandemic, which will lead into the Rugby Sevens, will be seen as a re-opening of the city after more than two years of coronavirus disease 2019 (COVID-19) border restrictions. 

Hong Kong’s unrelenting COVID curbs have battered its economy and standing as a financial center. 

The city scrapped mandatory hotel quarantine from Monday, but visitors to the city still face restrictions from attending some places like bars and restaurants for the first three days. 

Some banks had warned top bosses would not attend if any restrictions remained in place. 

HKMA Chief Executive Eddie Yue said on Thursday the final guidelines for those attending the summit were still being finalized. 

“For most of them this will only be a short visit and we need to make sure they can meet people, do business and build relationships in the kind of business-as-usual way they expect from a vibrant international city,” he said in a statement. 

“The latest relaxation of some of the control measures is helpful and provides a good basis for us to finalize an appropriate set of arrangements to facilitate the visit of our guests and make the Summit a success, which will underline Hong Kong’s status as an international financial center.” 

Singapore, which has long been locked in fierce competition with Hong Kong to be considered Asia’s premier financial center, attracted dealmakers, fund managers and CEOs for a slew of high-profile conferences this month. — Reuters

    You May Also Like


    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...


    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...


    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...


    Mark Zuckerberg has laid off more than 11,000 Meta’s employees, about 13 per cent of its global workforce, in what he described as “some...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 | All Rights Reserved