Chan sees positive market reaction to Xi-Trump summit
Financial Secretary Paul Chan said markets would view constructive signals from the meeting between the leaders of the world’s two largest economies as a positive sign. That came as President Xi Jinping wrapped up his state visit to Washington on Friday by announcing that he would meet his US counterpart, Donald Trump, two more times before the end of the year. Xi had said at the state banquet…
Financial Secretary Paul Chan expressed optimism regarding the market's reaction to the upcoming meetings between Chinese President Xi Jinping and US President Donald Trump. Xi had announced his intention to meet Trump two more times before the end of the year following their state visit to Washington. Chan pointed out that these encounters would help alleviate geopolitical uncertainties and market volatility, thus boosting investor confidence in asset allocation and positioning.
He further noted that China's mainland economy is experiencing stable growth, with Chinese enterprises expanding their presence overseas. Chan also highlighted the collective economic growth of Hong Kong, Southeast Asia, and neighboring regions, collectively known as the Global South. This expansion is expected to continue as a catalyst for global economic growth.
Chan emphasized Hong Kong's geographical advantage as mainland enterprises establish their industrial and supply-chain networks in the region. He expressed optimism about Hong Kong's future prospects, attributing it to the city's traditional strengths in trade, shipping, and finance, as well as its potential in innovation and technology. Chan concluded that Hong Kong's ability to attract talent is another significant advantage.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
