Hong Kong will ‘rethink playbook’, offer stability amid global shifts: John Lee

Chief Executive John Lee announced at the annual Global Financial Leaders’ Investment Summit that Hong Kong is rewriting its economic playbook to address geopolitical tensions and the advancement of artificial intelligence. According to the South China Morning Post, Lee is pivoting the city towards green finance, fintech, and commodity trading, specifically noting an emphasis on gold trading.

He also stated that the city's first five-year plan serves as a long-term roadmap to provide market certainty during global volatility.

During his keynote speech, Lee highlighted Hong Kong's existing strengths as a wealth management centre, a robust stock market, and a global offshore renminbi business hub. The South China Morning Post reports that the summit, titled “Rethinking the Playbook,” was organized by the Hong Kong Monetary Authority and included 280 business leaders. Lee noted that while AI is reshaping productivity and competition, blockchain and tokenisation are rebuilding financial infrastructure.

Brief written by urgent.news from South China Morning Post - Hong Kong, South China Morning Post, VnExpress International, Tokyo Reporter — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.