Hong Kong is positioning itself as a safe haven for global investors amid rising geopolitical tensions, according to Financial Secretary Tung Pak-wah. The city has seen a significant increase in total bank deposits, which have surged over 10% this year, reaching more than HKD 19 trillion. This financial influx is accompanied by a thriving initial public offerings (IPOs) market and a robust wealth management sector. International financial institutions are taking notice, with several leaders expressing plans to expand their operations in Hong Kong. This expansion includes hiring additional staff, as these institutions seek to capitalize on the city's growing appeal as a stable financial hub.