Paul Chan: Emerging markets offer new opportunities for HK businesses and investments
Financial Secretary Paul Chan Mo-po stated today (Jan. 12) that emerging markets in the Middle East, ASEAN, and other "Global South" regions are growing rapidly, offering new opportunities for Hong Kong businesses.
He recently led a delegation of over 130 representatives to Jakarta for the Think Business, Think Hong Kong event, enhancing financial and business connections with Indonesian officials.
Chan highlighted that, as an international financial hub, Hong Kong provides comprehensive financing services, allowing Indonesian companies to access both mainland and international capital. Funding for infrastructure and green projects can be raised through various means, including multi-currency bonds and catastrophe bonds to mitigate climate risks.
Additionally, over 20 startups from Cyberport and Hong Kong Science Park showcased their innovations, attracting potential partners for collaboration. Chan noted that Hong Kong plays a crucial role in trade and investment, with a significant increase in visitors from Indonesia and other Southeast Asian countries last year.
Looking ahead, the upcoming 18th Asian Financial Forum will draw over 3,600 leaders from finance and business to explore deeper financial cooperation between Hong Kong and the Middle East. Chan concluded that by leveraging its unique position, Hong Kong can support the growth of emerging markets and foster regional economic development.
Related News:
HK's first waste-to-energy facility is expected to come into operation by end of year
Comment