Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Hong Kong Investors Expanding Global Reach

Rosanna Tang • 28/06/2023

Hong Kong outbound investment1 totaled US$4.5 billion in Q1 2023, up by 68% q-o-q and 54% y-o-y

  • Outbound investment from Hong Kong capital has risen for two consecutive quarters 
  • Mainland China remains the most preferred destination, followed by Singapore and the United Kingdom 
Cushman & Wakefield participated at the Mingtiandi Hong Kong Focus Forum held at the Sheraton Hong Kong Hotel & Towers on Tuesday, June 27, 2023.  Francis Li, International Director, Head of Capital Markets, Greater China at Cushman & Wakefield represented the firm to share his experiences and views on Hong Kong’s role in global capital markets at the event’s keynote panel, together with fellow panelists from Link REIT, APG Asset Management and WeWork Greater China. 
“Hong Kong's financial system is highly integrated with the global economy, and its status as an international financial center is underpinned by its openness, transparency, and adherence to international standards and best practices. Additionally, Hong Kong's banking system is well-capitalized and highly liquid, with banks holding substantial reserves and capital buffers. Backed by its resilient financial system, Hong Kong-based investors play an increasingly important role in the regional and global commercial real estate (CRE) market, and have become more active in their overseas acquisitions,” said Li
According to the latest data from MSCI, outbound investment from Hong Kong capital has been rising for two quarters in a row, totaling US$4.5 billion in Q1 2023, up by 68% q-o-q and 54% y-o-y, for deals over US$10 million excluding development sites. 
While mainland China remains the most preferred investment location for Hong Kong-based capital, accounting for 47% of the total cross-border transaction volume year-to-date as of June 15, Singapore and the United Kingdom have become increasingly popular with Hong Kong investors, representing 33% and 10% of the total consideration, respectively. In contrast, the share of investment into the U.S. has been declining since 2019, and accounted for just 1% of the total outbound investment from Hong Kong for the year-to-date. 
Li added, “We expect that capital flows between mainland China and Hong Kong will expand as the border has now reopened. Currently we are seeing a growing number of mainland China companies and fund managers establishing operations in Hong Kong to tap into the international market. Mainland China has now overtaken the U.S. as the largest geographical source of regional headquarters in Hong Kong, according to the Census department. Likewise, with increasing integration between the two economies, Hong Kong-based investors and developers will likely continue to expand their allocations in mainland China, especially in Tier 1 and major Tier 2 cities including the Greater Bay Area.” 
In terms of growing outbound investment into other regions, James Young, Head of Investor Services, Asia Pacific & EMEA, Cushman & Wakefield, added, “Hong Kong-based investors continue to expand their global reach by increasing allocation in overseas markets to seize opportunities in different market cycles. For instance, the rapid macroeconomic changes, including interest rate hikes in Europe and the UK, have resulted in sellers being more willing to adjust prices quickly, which is attracting Asian capital to these markets.”
1For deals over US$10 million excluding development sites.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit or follow @CushWake on Twitter.

Related News

China's 14th Five-Year Plan (image)
Cushman & Wakefield launch its THINK-IN report 2021- China’s 14th Five-Year Plan - What’s Next For Real Estate?

Cushman & Wakefield, a leading global real estate services firm, today released its THINK-IN report 2021 - China’s 14th Five-Year Plan - What’s Next For Real Estate.

Mandy Qian • 21/10/2021

Finance Sector (image)
The Finance Sector – Reforms and fintech to propel sector demand for leased office space in China

Cushman & Wakefield released its report titled The Finance Sector – Reforms and fintech to propel sector demand for leased office space in China.

Mandy Qian • 15/10/2021

Nick Seaton and Dawn Koo
Cushman & Wakefield Promotes Two Senior Leaders in its Global Occupier Services Business in Asia Pacific

Nick Seaton and Dawn Koo’s promotions reinforce the growth of the firm’s integrated portfolio management services.


Outlook 2021 Retail
China Retail Supply/ Demand 2021 - Retail dynamism drives the market

Cushman & Wakefield, a leading global real estate services firm, recently released its report China Retail Supply/Demand 2021.


Manufacturing Risk Index (image)
China Strengthens Position as Most Attractive Manufacturing Hub

China has strengthened its leading position as the most attractive manufacturing hub globally, according to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index.

Mandy Qian • 18/08/2021

Greater China Well Positioned in Global Logistics Reshaping

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has released its 2021 Global Logistics Outlook. 

Mandy Qian • 25/05/2021

Women Strengthened by Passion
Women Strengthened by Passion

Some of our own women colleagues in Cushman & Wakefield Philippines have taken the challenge, showing the world that women can compete with men in the realms of sports.


Government Work Report to Promote the Steady Development of Real Estate Market
Government Work Report to Promote the Steady Development of Real Estate Market

Cushman & Wakefield Releases Interpretation of Real Estate Policies in the 2021 China Government Work Report


CW Releases Focus Group and Survey Data
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All