Financial Secretary Paul Chan Mo-po attends the World Economic Forum Annual Meeting 2023, at Davos, Switzerland, Jan 16. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR)
Hong Kong as an international financial center could satisfy the funding needs of enterprises by tapping into funds globally from Chinese mainland and international investors, Financial Secretary Paul Chan Mo-po said during at the World Economic Forum (WEF) Annual Meeting.
On Thursday, the finance chief made his last day of visit by attending the WEF Annual Meeting held in Davos, Switzerland.
Hong Kong, under the "one country, two systems" (principle) and with the firm support of our country (China), will play its role well as a financial, trading and shipping center. By actively connecting to the world, we (HK) will make valuable contributions to global cooperation and development.
Paul Chan Mo-po,
Hong Kong financial secretary
“Hong Kong, as an international financial center with vibrant stock and bond markets, is the ideal place of for secondary listing for Indonesian enterprises, which could tap into funds from both mainland and global investors,” Chan said in a meeting with Indonesia’s Minister of Investment Bahlil Lahadalia, during which the two parties discussed on how to strengthen bilateral investments and trade cooperation between Hong Kong and Indonesia.
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“Hong Kong can also assist in raising funds to engage in large-scale infrastructure and decarbonization projects,” Chan added.
Chan also congratulated Indonesia for the its work in bringing the Regional Comprehensive Economic Partnership (RCEP) to come into full force, and expressed gratitude for its support on Hong Kong's application to join the RCEP.
The finance chief reiterated that Hong Kong has is engaging with the world again and is striving to contribute to cooperation and development through its active connections with the world.
“Hong Kong, under the "one country, two systems" (principle) and with the firm support of our country, will play its role well as a financial, trading and shipping center. By actively connecting to the world, we will make valuable contributions to global cooperation and development,” Chan said..
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“While closely linked economically with the Guangdong-Hong Kong-Macao Greater Bay Area and elsewhere on the mainland, Hong Kong under ‘“one country, two systems”’ remains very distinct in terms of its internationally recognized common law system. Hong Kong should capitalize on the mainland by showcasing its unique strengths,” said Andrew Leung, an international and independent China strategist.
During the WEF Annual Meeting, the finance chief participated in attended the Washington Post Foreign Policy Lunch, meeting and met with political and business leaders, and to explained Hong Kong's latest situation and opportunities.
Chan also met with WEF Founder and Executive Chairman Klaus Schwab; and attended a gathering co-hosted by the Co-chair of the Hong Kong-Europe Business Council Victor Chu, and Credit Suisse Chairman Axel Lehmann.