In an opinion piece in the Financial Times, journalist Kaye Wiggins analyzes why several global finance leaders, including David Solomon of Goldman Sachs, James Gorman of Morgan Stanley, and Jane Fraser of Citi, are set to attend a conference hosted by the Hong Kong Monetary Authority this week with the theme "Living with Complexity."
Despite growing challenges in making profits in China and rising US-China tensions, these executives are attending the event to showcase Hong Kong's role as a vital global financial hub and maintain relationships in the region, Wiggins argues. "When we used to go [to the US], everyone wanted to talk about China," said one senior Hong Kong-based executive who advises investment firms. Now, "it's almost an uncomfortable topic — they try to change the subject."
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