Financial Secretary Paul Chan Mo-po introduced the steady progress Hong Kong has made over the past year or two as he delivered a speech at the World Economic Forum's annual meeting in Davos.
Chan said the city's development vision and strategic positioning in its three key pillars, including finance, trade, innovation and technology , while delivering a speech at the "2026 Davos-Caixin CEO Luncheon" on Wednesday.
He highlighted that all economies must embrace technology developments such as artificial intelligence and blockchain, as they are driving profound industrial transformation and economic growth.
Chan mentioned that Hong Kong is actively piloting initiatives in fintech innovation, with the strong collaboration with neighbouring cities in the Greater Bay Area that boast robust innovation and technological industrial chains.
"Hong Kong is a city that holds tremendous development potential and is a worthwhile investment destination," he said, according to an official statement.
Besides, Chan noted that global trade is experiencing a paradigm shift. Developed countries need to be aware that the traditional model of producing and exporting low-cost goods, previously dominant among developing economies, is evolving.
Chan also delivered a speech at dinner themed "China in Focus" and met officials from Cambodia and the United Arab Emirates to explore ways to strengthen bilateral economic and trade co-operation, and interacted with nearly 100 leaders from various sectors and regions.
