The chairman of the Financial Services Development Council (FSDC) highlighted the promising prospects for Hong Kong's financial sector. Benjamin Hung Pi-cheng, in his inaugural media briefing as FSDC chairman, emphasized that the city is well-placed to capitalize on advancements in artificial intelligence and China's economic reforms. He noted that Hong Kong’s strategic position could enhance its role as a bridge between mainland China and international markets, while also attracting family offices from affluent Asian families. Hung stressed the importance of promoting an accurate portrayal of Hong Kong to counteract negative perceptions fueled by misleading reports.

According to Hung, the rapid progress in AI and China's ongoing financial liberalization are set to significantly benefit Hong Kong's markets. These developments will likely facilitate easier capital raising for companies and bolster Hong Kong’s significance as a financial hub connecting the mainland with global investors. The city's unique advantages, including its robust legal system and sophisticated financial infrastructure, make it an ideal location for businesses looking to tap into Asia's growing wealth. Additionally, the increasing affluence of Asian business families may lead to more family offices establishing themselves in Hong Kong, seeking opportunities for investment and succession planning.

Hung pointed out that Hong Kong has numerous growth opportunities, but there is a need to present a clearer and more accurate picture of the city to the world. Misleading media coverage has contributed to a skewed perception of Hong Kong's vitality and freedoms. To address this, FSDC members plan to embark on roadshows aimed at showcasing the true potential of Hong Kong. The recent market rally, driven by China's stimulus package and breakthroughs like those seen with DeepSeek, provides a timely opportunity to promote the city. This positive sentiment offers a favorable backdrop for highlighting Hong Kong's strengths and future prospects.

The ongoing market improvements have created an opportune moment for Hong Kong to reassert its position as a leading financial center. By leveraging its strategic advantages and addressing misconceptions, the city can attract more international attention and investment. As Hong Kong continues to evolve and adapt to changing global dynamics, it stands ready to embrace new opportunities and solidify its role as a vital link in the global financial ecosystem.