Hong Kong's Financial Secretary Paul Chan Mo-po speaks at the 16th Asian Financial Forum lunch session on Jan 11, 2023 at the Hong Kong Convention and Exhibition Centre. (CALVIN NG / CHINA DAILY)
HONG KONG – Financial Secretary Paul Chan Mo-po will attend the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland and highlight Hong Kong's return to normalcy.
Chan will depart for Davos in Switzerland on Saturday to attend the WEF meeting from Jan 16 to 20. The theme of the WEF Annual Meeting this year is Cooperation in a Fragmented World, according to a Hong Kong Special Administrative Region government statement.
Chan will speak at a number of events and meet political, business and financial leaders, seeking to update them on the latest situation of Hong Kong's return to normalcy
Chan said he will speak at a number of events and meet political, business and financial leaders, seeking to update them on the latest situation of Hong Kong's return to normalcy and its development opportunities; promote the city's strengths and core competitive advantages; and strengthen bilateral trade, investment and exchanges.
“Hong Kong is speedily resuming normal travel and exchanges with the mainland as well as other parts of the world. This will provide a stronger momentum of recovery to the local economy," Chan said was quoted as saying in the statement.
"We will better act as the unique bridge between the mainland and the world, seize the opportunities of development, and make positive contributions to global economic development.”
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Chan said that many uncertainties still prevail for the global economic outlook, including geopolitical tensions, disruptions to the global supply chain, tight supply of energy and food, elevated global inflation and interest rate hikes.
They will weigh on the world's economic recovery. Some emerging economies may see challenges in capital flow and financial stability, he said.
Chan pointed out that faced with complicated situations and challenges, countries should work together to promote more sustainable, resilient and inclusive global development, and build a human community with a shared future.
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Chan will return to Hong Kong on Jan 21. Deputy Financial Secretary Michael Wong will act as financial secretary during his absence.