The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, said that in the past year, after building a strong barrier to safeguard national security, all sectors of Hong Kong society have focused on the economy and pursued development, achieving a steady and forward trend. In 2024, Hong Kong's annual economic growth is expected to be 2.5%, the unemployment rate will remain at a low level, inflation will be moderate, and people's income will increase in real te...
The Financial Secretary of Hong Kong, Paul Chan, released an essay by the Secretary, in which he said that last week he led a delegation to Riyadh, Saudi Arabia, which was fruitful. The Hong Kong Monetary Authority and the Saudi Arabian Public Investment Fund (PIF) signed a memorandum of understanding to jointly set up a US $1 billion investment fund to invest in the Saudi business of Hong Kong and Guangdong-Hong Kong-Macao Greater Bay Area companies in the fields of manufacturing, renewable ene...
According to Hong Kong media reports, Hong Kong Financial Secretary Paul Chan said that since the digital asset policy declaration was issued two years ago, there have been a number of progress in the short term, including the introduction of regulatory requirements for virtual asset trading platforms. So far, three operators have been licensed. It is expected that several more licenses will be issued before the end of this year. This year, the Hong Kong government plans to promote legislation o...
The Financial Secretary of Hong Kong, Paul Chan, said that under the leadership of Dr. Wong, the Securities Supervision Commission will continue to implement the dual roles of regulator and market development promoter to ensure the fair, transparent and orderly operation of the local securities and futures markets, and focus on reform and innovation to consolidate and enhance Hong Kong's status as an international financial center. The Hong Kong Securities Supervision Commission has also continu...
The Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, said on the 9th that there is still a large funding gap in the global low-carbon transformation process, which brings unique opportunities for Hong Kong to develop transformation finance, and Hong Kong will accelerate its efforts to become a leading transformation financial center in Asia. Chen Maobo said at the annual forum of the Hong Kong Green Finance Association held on the same day that Hong Kong...
Hong Kong Financial Secretary Paul Chan released an essay by the Secretary, which pointed out that the Federal Reserve cut interest rates by 50 basis points last week, the first time in more than four years, and many major central banks around the world have also cut interest rates earlier.
Hong Kong Financial Secretary Paul Chan: Hong Kong should accelerate the cultivation of new industries and vigorously promote the development of artificial intelligence.
Speaking at the annual meeting of the Investment Funds Association, Deputy Secretary for Finance of the Hong Kong Special Administrative Region Government, Wong Wai Lun, said that Hong Kong is actively implementing a number of measures to further consolidate Hong Kong's status as an international financial center, including: first, continue to improve the listing system; second, further improve the liquidity and efficiency of the stock market; third, strive to expand and deepen the interconnecti...