Middle Eastern funds have recently flowed into Hong Kong? J.P. Morgan: No significant outflow of Middle Eastern funds observed, Hong Kong's attractiveness is due to its active market rather than simply being a safe haven.

Recently, the situation in Iran has attracted market attention, and fund flow has become a focus. Tang Yuxuan, the head of interest rate and foreign exchange strategy at J.P. Morgan Private Bank Asia, said in an interview that the overall market sentiment is relatively calm, and there has not been a large-scale outflow of funds from Middle Eastern markets such as Saudi Arabia and the UAE. She believes that global market liquidity is generally tightening, and traditional safe-haven assets such as US treasuries and gold have "failed" in the short term, making it difficult to determine the direction of funds in a single market. As for the Hong Kong market, Tang Yuxuan believes that international investors' attention to Hong Kong has been increasing since 2024, mainly due to active capital markets, a resurgence in IPOs, and improved liquidity, rather than simply driven by geopolitical factors.