Macro Insights Weekly - A health-check on Hong Kong SAR

4 March 2024


  • To write-off Hong Kong is premature. It continues to rest on several constructive growth pillars, encompassing business-friendly rule of law, financial market depth, and a liberal immigration regime.
  • Hong Kong’s institutional strength is world class, with top decile ranking in many indicators.
  • It’s a hub for asset and wealth management. HK-domiciled funds have soared in recent years.
  • Business ties between China and EU/ASEAN remain strong, helping Hong Kong’s capital markets.
  • The authorities have ramped up efforts to attract skilled immigrants. 
  • Economic and financial market returns have been disappointing, but Hong Kong’s game is not over.