Post by : Jyoti Gupta

Photo:AFP

Hong Kong is becoming a popular place for global investors, even during uncertain times in the world. Experts say people are moving their money into Hong Kong because they see it as a safe place for investments, especially with the recent issues in the Middle East.

Recently, the U.S. and Israel attacked some of Iran’s nuclear sites, raising tensions in the region. However, Hong Kong's leaders believe there are still many business chances in Gulf countries like Saudi Arabia.

Hong Kong’s finance chief said that these Gulf countries are working hard to grow their economies in new ways, not just rely on oil. They’re building strong financial markets, and Hong Kong wants to be part of that growth.

Hong Kong has strong rules and a stable system, which gives investors confidence. In the past year, $44 billion was invested in funds based in Hong Kong—three times more than the year before. Right now, Hong Kong manages around $4 trillion in investments.

A longtime expert in finance said the Iran situation didn’t shock the markets, as people had been expecting such tensions. He added that many big investors still see Hong Kong as a good place to make money, especially for those interested in China’s economic future.

The head of a major pension company said they don’t worry much about short-term events like this. They look at the long-term picture and believe Hong Kong is strong.

Saudi Arabia is also working with Hong Kong to share financial knowledge and offer new business chances. The country is planning big projects under its Vision 2030 plan, which aims to create new industries like tourism, renewable energy, and health care.

Hong Kong and Saudi Arabia are already working together. This year, they launched new exchange-traded funds (ETFs) that allow people to invest in each other's markets more easily.