Davos hears of HK advantages

Wallis Wang

Financial Secretary Paul Chan Mo-po introduced Hong Kong's latest economic situation and development strategies to global business leaders during his trip to the World Economic Forum Annual Meeting in Davos, Switzerland.

Speaking at the Davos-Caixin CEO Luncheon, Chan said Hong Kong can leverage its unique position as a bridge between the mainland and the global market under the one country, two systems principle.

"He emphasized Hong Kong's distinct advantages in collaborating with sister cities in the Guangdong-Hong Kong-Macau Greater Bay Area, attracting businesses and talent from around the world," his office said.

In a breakfast meeting, Chan said there is a significant global funding gap in addressing climate change, urging countries to enhance collaboration and encourage private investments in green and transition projects. He positioned Hong Kong as a "leading green finance hub in Asia."

Chan engaged in discussions with Daren Tang Heng Shim, head of the World Intellectual Property Organization, to explore enhanced cooperation in intellectual property protection, institutional development and talent training.

He met with Thani bin Ahmed Al Zeyoudi, the United Arab Emirates' minister of trade, to discuss bilateral cooperation and with Circle chief Jeremy Allaire to learn about the company's business strategies in Asia.

wallis.wang@singtaonewscorp.com