Strategic Platform for Long-Term Investment Dialogue
Hong Kong successfully hosted the inaugural International Forum for Patient Capital. The inaugural IPC, hosted by the HKIC, kicked off successfully this morning. About 400 representatives representing 80 patient capital institutions from around the world, covering 15 jurisdictions with a total AUM of over US$ 20 trillion attended the event. These included sovereign wealth funds, pension funds, university endowments, family offices, and corporate venture capital entities from Europe, the US, Australia, Japan and the Global South including Middle East and South East Asia, as well as representatives of start-up companies and investment institutions in different sectors.
Amid challenges of geopolitical uncertainty and market volatility, the IPC provides a platform for international patient capital investors to focus on capturing the next growth trends and investment opportunities in innovation and technology (“I&T”) and business transformation. Attending parties highlighted the positive growth momentum and opportunities in Mainland China and Hong Kong, and advantages of Hong Kong particularly the stable investment and policy environment, wide scenarios for I&T application, constant technology and products breakthroughs and innovations, and the role as international platform of Hong Kong, have provided a seamless and efficient platform for overseas, long-term investors to access and participate in global opportunities, in particular I&T opportunities relating to Mainland China and Hong Kong.
Driving Capital Market Evolution
In his keynote, Mr. Paul Chan highlighted Hong Kong’s commitment to enhancing its investment ecosystem and financial infrastructure to attract long-term capital. “Patient capital, with its long-term vision, plays a pivotal role in supporting frontier innovations and fast-tracking the commercialisation of outcomes,” he noted.
Participants unanimously pointed out that the rapid development and application of innovative technologies, the advantages of market digitisation, and the integration of “mechatronics” in the high-end manufacturing industry of the Guangdong-Hong Kong-Macao Greater Bay Area have greatly attracted their interest into the development of I&T enterprises in Mainland China and the Asian region.