FS promotes HK as infrastructure finance hub at AIIB
Financial Secretary Paul Chan on Monday said Hong Kong would continue to support the Asian Infrastructure Investment Bank (AIIB) in helping members undertake preparatory work for infrastructure projects, creating favourable conditions for financing and smooth implementation to achieve development goals. The finance chief made the comments as he attended the AIIB's 11th annual meeting in Doha.…
Financial Secretary Paul Chan reaffirmed Hong Kong's commitment to supporting the Asian Infrastructure Investment Bank (AIIB) during its 11th annual meeting in Doha. Chan emphasized that the AIIB can further foster knowledge and experience sharing among members, enhance project management capabilities, and facilitate the successful implementation of infrastructure projects.
He stressed that achieving development objectives necessitates not only financial backing but also the ability to plan and execute projects throughout their lifecycle. Chan also addressed digital public infrastructure, highlighting Hong Kong's iAM Smart platform and Faster Payment System as prime examples. He underscored the potential of artificial intelligence to bolster the efficiency of such infrastructure while stressing the importance of robust cybersecurity and data privacy measures.
During the meeting, Chan engaged with Uzbekistan's Minister of Investment, Industry and Trade, Laziz Kudratov, encouraging Uzbek enterprises to leverage Hong Kong's international financing platform. Chan also met with the CEO of Qatar Development Bank, Abdulrahman Hesham Al-Sowaidi, to explore avenues for bolstering bilateral trade, nurturing startups, and fortifying investment collaboration in venture capital.
Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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