Paul Chan continues to promote HK's new advantages in New York

The Financial Secretary, Mr Paul Chan, continued his visit in New York, the United States (US), yesterday (October 23, New York time) to promote Hong Kong's advantages and opportunities.

Mr Chan attended a luncheon co-hosted by the Hong Kong Economic and Trade Office in New York and the Hong Kong Association of New York, with around 80 representatives from businesses, institutions, chambers of commerce and think tanks present. During the luncheon, Mr Chan delivered a keynote speech and engaged in a discussion with the President of the National Committee on United States-China Relations, Mr Steve Orlins, addressing topics of interest regarding Hong Kong in US political and business circles.

In his remarks, Mr Chan introduced Hong Kong's latest economic situation and development strategies, particularly new initiatives in key areas such as finance and innovation and technology, policies and achievements related to attracting businesses and talent, and the increasingly close cooperation and collaborative developments with sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area.

Mr Chan stated that the "one country, two systems" arrangement will remain implemented in Hong Kong for the long term. He emphasized that Hong Kong will continue to play its unique role as a "super-connector" and "super value-adder," linking the capital markets and investors of the Mainland and the global community to create value and opportunities for all. He noted that Hong Kong consistently maintains the common law system, upholds the rule of law, provides an open, free, and simple low-tax business environment and protects investors' rights. Following the implementation of national security legislation, foreign businesses continue to have confidence in Hong Kong, and various international institutions have affirmed Hong Kong's excellent business environment and competitiveness. Mr Chan highlighted that Hong Kong values the strengthening of relationships with traditional markets and welcomes continued investments from the US business community. The Hong Kong Special Administrative Region Government will continue to present the real situation of Hong Kong through objective facts and data and maintain communications and connections with the US’s political and business sectors.

In the morning, Mr Chan had breakfast with local political and business figures, followed by a roundtable meeting where he met with local financial and banking professionals to introduce Hong Kong's latest status and opportunities and address their questions.

In the afternoon, Mr Chan met with the Acting Consul General of China in New York, Mr Ma Xiaoxiao, to exchange views on China-US economic and trade relations, and cooperation.

Related News:

(Full text) Speech by Paul Chan at Bloomberg Global Regulatory Forum in New York

Paul Chan emphasizes importance of sustainable finance at APEC Finance Ministers' Meeting in Peru