HK eager to help build 'enterprises of tomorrow'
Hong Kong is ambitious about helping create the "enterprises of tomorrow", Financial Secretary Paul Chan said on Tuesday in amplifying the pivotal role the Northern Metropolis would play in realising this vision. That came as he told investors at the Global Financial Leaders' Investment Summit in Central about the dedication that investors can expect of Hong Kong to strengthening its contribution…
During a speech at the Global Financial Leaders Investment Summit, Financial Secretary Paul Chan conveyed Hong Kong's eagerness to assist in establishing the businesses of the future. Chan emphasized that this ambition extends beyond merely financing existing enterprises, stating, "Our ambition is not only to finance businesses created elsewhere, but also to help create the enterprises of tomorrow."
Chan highlighted the pivotal role Hong Kong would play in the Northern Metropolis, where universities, research facilities, and technology enterprises would be brought together. He explained that this initiative would foster closer connections between education, technology, talent, and industry, creating a strong foundation for innovation.
The Financial Secretary emphasized Hong Kong's intention to link with other Greater Bay Area cities, allowing the city to leverage their strengths in commercialization, engineering, and advanced manufacturing. Chan also expressed Hong Kong's eagerness to connect promising businesses with capital and partners, as well as to provide investors with trustworthy entry points into new sectors and economies.
In recent years, Chan pointed out, Hong Kong has taken steps to strengthen its connections with various economies and expand its asset classes across different regions. He mentioned the city's welcome for more enterprises from Indonesia, Thailand, and Malaysia to lease in Hong Kong. Additionally, he noted that Hong Kong and Saudi Arabia have listed ETFs tracking each other's markets, providing investors with new avenues for investment.
In Central Asia, Chan highlighted that Kazakhstan has already used Hong Kong's equity and bond markets, and the city is open to welcoming more issuers to raise capital through listings and bond issuances. Furthermore, Chan assured that Hong Kong would continue to diversify the range of assets and financial services available to investors, with a particular focus on developing a commodity and gold trading ecosystem.
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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