Hong Kong tycoons downplay impact of Middle East war on city’s fortunes

South China Morning PostEN 1 min read 100% complete by Matthew Cheng,Lam Ka-singMarch 4, 2026 at 03:11 PM

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Hong Kong tycoons are downplaying the potential economic impact of the escalating Middle East conflict on the city. Speaking in Beijing during China's "two sessions," New World Development's Adrian Cheng expressed cautious optimism about the Middle East's economic prospects despite ongoing strikes and retaliatory attacks. Cheng suggested Hong Kong could even benefit from the turmoil by solidifying its role as a safe haven for capital and a superconnector between mainland China and the world. His comments come as US-Israel strikes on Iran have disrupted global supply chains and increased oil prices, with warnings of a potentially prolonged conflict.

Key Entities & Roles

Key Player Opposition Context

Tehran 40% Donald Trump 40% Chinese People’s Political Consultative Conference (CPPCC) 50% United States ×260% Beijing 60% Israel 60% Iran ×260% New World Development ×270% Hong Kong ×380% Middle East ×380% Adrian Cheng Chi-kong ×390%

Keywords

middle east conflict 90% hong kong 80% economic outlook 70% tycoons 60% safe haven 60% oil prices 50% capital 50% supply chains 50% international financial centre 40%

Sentiment Analysis

Positive

Score: 0.20

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Source

South China Morning Post

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90%

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