[WORLD] Hong Kong is poised to serve as a vital conduit for cross-border capital flows between Qatar and China, unlocking fresh investment opportunities in sectors such as renewable energy, digital currency, technology, and sustainable finance, according to a senior executive at Standard Chartered.
“Mainland China offers a vast market, Hong Kong brings a comprehensive financial toolkit, and together with visionary investors, we form a strong trio,” said Mary Huen Wai-yi, CEO for Hong Kong, Greater China and North Asia at Standard Chartered. Her remarks came during a Thursday briefing following her return from a government-led business delegation.
Long regarded as a leading financial hub in Asia, Hong Kong continues to play a key role in linking China with the global economy. Its sophisticated financial infrastructure, established legal framework, and international business acumen make it an attractive platform for cross-border investment. As the world’s largest offshore Renminbi centre, Hong Kong is uniquely positioned to facilitate capital movement between China and global partners, including Qatar.
With Qatar seeking to diversify its economy and reduce reliance on hydrocarbons, Huen noted that cross-border trade with China in areas like green energy, financial services, and technology is expected to rise. Investors stand to gain from Hong Kong’s deep capital markets and seamless connectivity with the mainland, she added.
Qatar’s National Vision 2030 lays out an ambitious roadmap for economic diversification, emphasizing innovation, sustainable development, and advanced technology. This aligns closely with China’s emphasis on green transformation and digital advancement. Hong Kong, equipped with strengths in finance and technology, is well-placed to support and channel investments aligned with these priorities.
Strengthening ties between the two regions were further underscored by a recent Memorandum of Understanding (MOU) signed between Hong Kong’s Financial Services Development Council and the Qatar Financial Centre Authority. The agreement aims to foster collaboration in financial services and fintech, creating a foundation for more sustainable and innovative financial solutions.
Hong Kong’s green finance sector has seen rapid expansion, with green and sustainable debt issuance in the city surpassing US$84 billion last year. The city’s track record as Asia’s top arranger of international green and sustainable bonds for seven consecutive years underscores its role as a key hub for sustainable finance. This momentum aligns with Qatar’s environmental goals and opens doors for investors focused on renewable and sustainable initiatives.
Meanwhile, a growing number of direct flights between Hong Kong and Middle Eastern destinations, including Doha, reflect increased business activity and strengthening economic ties. Enhanced air connectivity is expected to further facilitate trade, travel, and investment, enabling closer collaboration between stakeholders in both regions.