Confidence in Hong Kong strengthening, says finance chief

Global investors’ confidence in Hong Kong is strengthening, solidifying the city’s role as an international financial center, says Financial Secretary Paul Chan Mo-po, pointing to various data published recently, without elaborating.

Speaking at an event on Wednesday, Chan said geopolitical tensions and rising unilateralism have driven global investors to seek more diversified asset allocation.

With China’s advancements in technology ushering in a new wave of opportunities, Hong Kong’s capital markets are poised for further growth, he said.

Chan highlighted Hong Kong’s strategic importance as a fundraising platform for mainland enterprises, particularly technology leaders seeking to expand globally.

Backed by national support, Hong Kong remains the ideal gateway for these companies to access international capital, he noted.

He also addressed the continued impact of US unilateralism and policy uncertainties, which have prompted global investors to explore alternatives to traditional trading and reserve currencies.

With the rising prominence of the yuan on the international stage, Hong Kong, a leading offshore yuan hub, is set to capitalize on this trend, the secretary said.

STAFF REPORTER