Opening Fund Hu Yanru: Hong Kong is expected to become an important global "safe haven" for capital.

On March 26, 2026, the Global Southern Assets Management Forum was held in Beijing. Hu Yanru, General Manager of Kai Shi Fund, stated at the forum that in the process of global capital allocation adjustment, Hong Kong is expected to become an important "safe haven" for global capital. Hu Yanru pointed out that some data indicate the following trends: first, the proportion of Middle Eastern funds participating in IPOs in the Hong Kong stock market has increased from 18% to about 40%, indicating that global capital may be converging towards Hong Kong; second, the total deposits of Hong Kong banks have reached 19 trillion Hong Kong dollars and have been continuously growing since 2025 and 2026; third, Hong Kong's real estate prices stabilized in 2025, and some institutions predict that there is a high probability of another 10%-15% increase in 2026. "In terms of capital flow, starting in early 2026, global active equity funds have begun to shift their allocations to the Hong Kong stock market, from previous continuous net outflows to marginal improvements," Hu Yanru said. "In the current geopolitical background, there have been signs of funds flowing into Hong Kong stocks in the short term. However, whether these funds can flow in for the long term and further support technological development requires continuous tracking and observation."