FS promotes HK as infrastructure finance hub at AIIB

Financial Secretary Paul Chan emphasized Hong Kong's commitment to supporting the Asian Infrastructure Investment Bank (AIIB) at its 11th annual meeting in Doha. Chan highlighted AIIB's potential to foster knowledge and experience sharing among members, bolster project planning and preparation, and enhance project management and implementation capabilities.

Chan stressed that transforming development needs into actual projects demands not just financial backing, but also the ability to plan and execute projects throughout their lifecycle.

During his keynote speech, Chan introduced digital public infrastructure, highlighting Hong Kong's iAM Smart platform and Faster Payment System as prime examples. He underscored the burgeoning potential of artificial intelligence in elevating infrastructure effectiveness, while stressing the importance of bolstering cybersecurity and data privacy measures.

Chan also engaged in discussions with Uzbekistan's Minister of Investment, Industry and Trade, Laziz Kudratov, urging Uzbek enterprises to leverage Hong Kong's international financing platform, including exchange-traded products and real estate investment trusts. Additionally, Chan met with Qatar Development Bank CEO Abdulrahman Hesham Al-Sowaidi to explore joint efforts aimed at boosting bilateral trade, fostering start-up development, and intensifying investment cooperation in venture capital.