Chan promotes Hong Kong’s financial sector in UK visit

He highlighted that Hong Kong’s financial markets are undergoing reforms.

Financial Secretary Paul Chan promoted Hong Kong’s financial sector to the United Kingdom’s political and business communities during a meeting in London.

It was organised by The CityUK, an industry-led body representing UK-based financial services, with over 20 leaders from the British financial community.

After briefing participants on HK’s economic situation, he highlighted that Hong Kong’s financial markets are undergoing reforms, with good results in the stock market, asset and wealth management, offshore renminbi business, green finance and fintech.

After the meeting, Chan attended a luncheon hosted by the Hong Kong Association of the UK and addressed 150 British political and business personalities.

The financial secretary said that Hong Kong’s economy is promoting the development of the “eight centres”, with financial services and innovation and technology as the key economic engines.

Chan introduced the four main areas of innovation and technology development and explained how the Hong Kong Investment Corporation can guide long-term private investments into strategic industries.

Furthermore, he noted that Hong Kong is developing into an international green tech and green finance centre where sustainable financing is fully supported.