Hong Kong's asset markets are showing an encouraging momentum, the city’s finance chief said as he highlighted opportunities in the financial market before key US funds and asset management representatives in New York on Wednesday.
Presenting Hong Kong's economic and financial outlook during a roundtable discussion, Paul Chan Mo-po detailed opportunities, including initial public offerings and follow-on fundraising, fixed income and currency markets, private equity, asset and wealth management, green finance, stablecoins, and digital assets.
Driven by investors' confidence in the Chinese mainland's technological development and increased capital allocations, the stock market has seen a significant upturn, he said on the second day of his US visit. The residential property market, meanwhile, is showing signs of stabilization, he added.
The financial secretary said Hong Kong, as a "super connector" and "super value-adder" between the mainland and the world, will continue to offer attractive investment opportunities for investors from the US and around the globe.
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Attending a luncheon jointly hosted by the National Committee on United States–China Relations (NCUSCR) and the Hong Kong Economic and Trade Office in New York the same day, he highlighted the city's strategies to enhance the financial market, innovation and technology, development, and regional supply chain connectivity.
Joined by over a dozen prominent leaders from the US financial, investment, pharmaceutical, creative industries, and think tank sectors, Chan elaborated on Hong Kong's proactive efforts in attracting enterprises and global talent, attracting investment, developing the Northern Metropolis, and fostering industrial collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area.
Hong Kong welcomes US enterprises and professionals to seize the current wave of growth potential by pursuing opportunities in the city and leveraging the SAR as a gateway to access the mainland and broader Asian markets, he said.
Reiterating that the "one country, two systems" principle is an arrangement for the long term, and Hong Kong's core strengths remain unchanged, the finance chief said despite the recent signs of escalating trade tensions, Hong Kong will firmly uphold its status as a free port and continue to implement free, open, and predictable trade policies and practices.
He visited the United Nations and paid a courtesy call on Ambassador Fu Cong, China’s permanent representative to the UN. Chan expressed his gratitude for the strong support that the central government has consistently provided to Hong Kong across various domains.
Chan also paid a courtesy call on the Consul-General of the People's Republic of China in New York, Ambassador Chen Li, and exchanged views on China-US relations, Hong Kong's development, and related topics.
During a breakfast meeting with a group of young professionals from various countries working at the UN, the financial secretary briefed them on Hong Kong's latest developments and extended a warm invitation for them to visit the city and explore career development opportunities in Hong Kong.
