Media coverage has been a challenging facet for Hong Kong as a financial center. Compared to rival hubs, it is a leader in negative news, according to a study by media intelligence firm CARMA.
Hong Kong had the highest proportion of negative news coverage (7 percent) compared to rival hubs Singapore and Dubai, according to a study by CARMA of 41,000 articles. At 17,200 articles, it also had the highest volume of financial coverage compared to the other markets studied.
«Reputation directly impacts investor confidence, business attractiveness, and global competitiveness,» said Charles Cheung, CARMA’s Hong Kong general manager. «A strong reputation can mitigate risks during economic downturns or geopolitical uncertainties by instilling trust and credibility among stakeholders.»
Top Themes
IPOs and capital markets were the top themes covered by the media. This was followed by real estate markets, cross-border investments and transactions, banking and financial services, as well as cryptocurrencies and digital currencies.
The study was based on articles collected in 2023 from January 1 to December 31 with a focus on global tier-1 online media. The metrics captured include key themes and the sentiment of the articles.
