Hong Kong can help boost other economies: FS
Financial Secretary Paul Chan on Sunday said Hong Kong could facilitate the development of other economies and enterprises while elevating itself. Chan made the remarks in his weekly blog after his recent visits to Nanjing and Bangkok. "Two major needs stood out very clearly: developing economies require capital and technologies, while mainland firms need international markets and professional…
Financial Secretary Paul Chan emphasized on Sunday that Hong Kong has the potential to boost the development of other economies, while simultaneously enhancing its own status. During his recent trips to Nanjing and Bangkok, Chan noted two major requirements for developing economies: the need for capital and technology, as well as the need for mainland firms to access international markets and professional services.
Chan explained that these demands intersect in Hong Kong, which serves as a hub to channel global capital and connect to the mainland's technological advancements and industries. By facilitating the growth of others, Hong Kong can simultaneously improve its own position. With its efficient fundraising and financing capabilities, the SAR can support developing economies in establishing artificial intelligence infrastructure, as Chan highlighted.
Furthermore, Hong Kong can assist mainland enterprises in their global expansion efforts. Chan also pointed out that persistently high energy prices due to global conflicts and the AI boom are reshaping the global economy. Despite these challenges, Chan expressed optimism about Hong Kong's economic growth.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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