Financial market connectivity between Hong Kong and Oman could foster mutual development, the city’s finance chief has said, expressing support for the stock exchanges and regulatory authorities of the two places to explore reciprocal cooperation, including opportunities for dual or secondary listings.
Paul Chan Mo-po said this while meeting Minister of Economy of the Sultanate of Oman Dr Said Mohammed Al-Saqri in Davos after arriving in the Swiss town on Monday to attend the World Economic Forum (WEF) Annual Meeting.
During the meeting, the two sides discussed ways to deepen mutually beneficial cooperation in areas such as finance, trade, green transformation and industrial development, according to a government press release.
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The financial secretary said Oman is transitioning from an oil-driven growth model towards a more diversified economic structure, with active efforts to promote green transformation and renewable energy, while further strengthening its economic and investment ties with China.
As a “super connector”, Hong Kong is well positioned to support this process by facilitating mainland and Hong Kong enterprises to invest in Oman to support its infrastructure and industrial development and also by leveraging its status as an international financial center in Asia to provide Omani enterprises with an ideal platform for fundraising and financing, as well as offshore Renminbi investment and risk management products, he added.
Chan also attended a welcome reception of the WEF Annual Meeting, where he engaged with participants from around the world.
