Cooperation key for Chan amid US tensions

Eunice Lam

The Sino-US relationship has drawn significant attention from the international community, emphasizing the need for countries to collaborate and prioritize cooperation, said Financial Secretary Paul Chan Mo-po.

In a blog post yesterday, Chan said discussions during his trip to the World Economic Forum in Davos, Switzerland highlighted growing concerns regarding the economic situations in Beijing and Washington in the wake of Donald Trump's inauguration as president.

Chan warned that unilateralism and protectionism could lead to increased risks and uncertainties for global development.

"If cooperation is no longer necessarily a norm, we must work together to make the best option for all," he said.

Vice Premier Ding Xuexiang articulated Beijing's commitment to fostering inclusive economic globalization.

Chan also cited Hong Kong's potential as a vital link between China and both developed economies and emerging markets in the "Global South," particularly in science and technology and green finance.

He invited delegations to visit Hong Kong.

He added that several European fintech companies are considering establishing a base in Hong Kong to expand in Asia.