From CNBC: 2024-11-20 00:52:19

Top financial leaders gathered in Hong Kong for the Global Financial Leaders’ Investment Summit, discussing the rise in demand for capital in the U.S. fueled by government spending on infrastructure and the semiconductor industry. Marc Rowan of Apollo Global Management highlighted the need for more capital in energy and data centers for AI and digitization.

Panelists at the summit, including David Solomon of Goldman Sachs and Ted Pick of Morgan Stanley, discussed the recovery of capital raising and M&A activity following a recent slowdown. Solomon noted that expectations of friendlier regulation under the incoming Trump administration could boost dealmaking, leading to more robust activity in 2025.

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