Hundreds of billions of Middle Eastern capital flooding into Hong Kong? Industry insiders say data is hard to verify; the inflow trend indeed exists.

Recently, reports of “300 billion Hong Kong dollars of Middle Eastern capital flooding into Hong Kong” have been spreading across the market. Journalists recently visited several banks, brokerages, financial institutions in Hong Kong and Middle Eastern market researchers to learn that after the turmoil in the Middle East, the Hong Kong market has indeed seen an increase in foreign capital inflows, including funds from the Middle East, but the specific scale of inflows and actual destinations are difficult to accurately track and verify. What can be confirmed is that, on one hand, due to the turmoil in the Middle East, the global demand for risk aversion continues to rise; on the other hand, Middle Eastern capital has been steadily deploying in Hong Kong and mainland China’s capital markets over the past two years, making Hong Kong an important choice for global capital allocation, including Middle Eastern funds. ( Securities Times )