{
  "id": 7096206,
  "title": "Hong Kong to deepen ties with Global South and Middle East, finance chief says",
  "url": "https://urgent.news/2026/09/13/hong-kong-to-deepen-ties-with-global-south-and-middle-east-finance",
  "topic": "world",
  "section": "World",
  "published": "2026-09-13T10:57:38.000Z",
  "source": {
    "name": "South China Morning Post - Hong Kong",
    "slug": "south-china-morning-post-hong-kong",
    "url": "https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3367352/hong-kong-deepen-ties-global-south-and-middle-east-finance-chief-says"
  },
  "original_language": "en",
  "account": "Hong Kong plans to strengthen its relationships with the Global South and Middle East, according to Finance Chief Paul Chan Mo-po. The city aims to expand connections in finance, innovation, and technology with these regions. Chan emphasized that Hong Kong's 15th five-year plan will support its growth into an international innovation and technology hub, as well as a global finance, shipping, and trade center. The finance chief also highlighted the importance of green transition, stating that the global south faces substantial financing gaps and requires credible standards for investors. Hong Kong issued US$20.2 billion (US$2.57 billion) in green and sustainable bonds in the first half of this year, ranking first in Asia for eight consecutive years. Chan noted that Hong Kong's cooperation with the Middle East goes beyond finance, expanding into innovation and technology. The Oman Investment Authority plans to participate in Hong Kong's Innovation and Technology Venture Fund, signaling a growing financial tie. Chan stressed that Hong Kong's strong R&D capabilities, supported by the Greater Bay Area's innovation and industrial chain, provide valuable support for partners in the Middle East and Central Asia.",
  "summary": "Hong Kong plans to strengthen its connections with emerging economies around the world. The city's finance chief, Paul Chan Mo-po, stated that Hong Kong will expand its ties with the Middle East and countries involved in the belt and road initiative, covering areas such as finance, innovation, and technology.\n\nThe goal is to establish \"networked and institutionalised\" connectivity with the Global South, a term that refers to developing, less-industrialised countries.\n\nThere is also a mention of a rules-based international order, with a call for global rules to be shaped by all countries, although this was made by Xi at a Summit, and it is not specified if this relates to Hong Kong's plans.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "‘Trust of Global South in BRICS has grown’: PM Narendra Modi",
        "url": "https://urgent.news/2026/09/13/trust-of-global-south-in-brics-has-grown-pm-narendra-modi",
        "published": "2026-09-13T08:25:53.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "China's Xi Jinping calls for stronger Global South ties, puts forth 5 initiatives at BRICS Summit",
        "url": "https://urgent.news/2026/09/13/chinas-xi-jinping-calls-for-stronger-global-south-ties-puts-forth-5",
        "published": "2026-09-13T09:10:55.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Anwar seru BRICS bertindak terhadap ketakadilan amalan dagang global",
        "url": "https://urgent.news/2026/09/13/anwar-seru-brics-bertindak-terhadap-ketakadilan-amalan-dagang-global",
        "published": "2026-09-13T09:38:13.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Hong Kong to deepen ties with Global South and Middle East, finance chief says",
        "url": "https://urgent.news/2026/09/13/hong-kong-to-deepen-ties-with-global-south-and-middle-east-finance-7096247",
        "published": "2026-09-13T10:57:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}