Hong Kong's safe, stable environment appeals to global investors: official

Hong Kong is increasingly recognized as an ideal destination for global investors thanks to its safe and stable investment environment, supported by common law under the policy of "one country, two systems," said an official from Invest Hong Kong, the government agency tasked with promoting inward direct investment.

At a time of global uncertainty, Hong Kong continues to attract wealth through private firms that manage fortunes for ultra-high-net-worth families.

"Investors are always chasing after asset safety. Hong Kong practices common law under the 'one country, two systems'. In Hong Kong, our tax regime is simple, transparent, and with certainty. For any investors, this is the ideal place to place their investment," said Jason Fong, global head of the Family Office at Invest Hong Kong.

Meanwhile, China's growing competitiveness in fields like artificial intelligence (AI) have helped enhance Hong Kong's appeal to global investors.

"We understand that the AI development, whether it's investors, whether it's users, whether it's practitioners within the industry, we're all looking at that. Our nation, China, has been doing so well in many areas, we are actually leading in the global turf - whether new money, old money, any type of money, they can't neglect that huge part of their portfolio," the official said.

China's 14th Five-Year Plan, spanning from 2021 through 2025, aims to position Hong Kong as a financial hub.

Fong shared his insight on how Hong Kong's integration and close economic ties with the Chinese mainland influences global investment decisions.

"China being the second largest economy in the world, for any portfolio, they can't ignore that. 'One country, two systems,' the common law, and independent judiciary system that provide the biggest assurance and faith for international investors coming to Hong Kong, knowing their personal safety as well as the asset safety remain intact. In 2024, we have an influx increment of over 81 percent of capital rushing to Hong Kong. And I have to reiterate, investors outside mainland accounted for over 55 percent, proving that Hong Kong is a true international financial hub," he said.

Hong Kong's safe, stable environment appeals to global investors: official

The Heritage Guardian, a China Media Group (CMG) documentary featuring President Xi Jinping's deep concern for the inheritance and development of culture, began airing along with other two documentaries made by the group on mainstream media outlets in Laos on Monday.

Thongloun Sisoulith, general secretary of the Lao People's Revolutionary Party (LPRP) Central Committee and president of Laos, sent a congratulatory letter on the documentaries' airing .

The documentaries reflect the importance that Xi places on cultural heritage protection, as well as Xi's far-sighted vision in governance and profound patriotism, said Thongloun in the letter, noting that the documentaries provide examples for Laos to carry forward its unique national culture while pursuing economic and social development.

CMG and the publicity department of the LPRP Central Committee held a broadcast launch event in Vientiane, the capital of Laos, on Tuesday.

This year marks the 65th anniversary of diplomatic relations between China and Laos, and is the China-Laos Friendship Year.

Chinese documentary "The Heritage Guardian" airs in Laos