Hong Kong's Financial Secretary, Paul Chan Mo-po, stated in a blog post on May 17 that recent objective recognitions from various international institutions reflect a better understanding of Hong Kong's latest developments and future potential. These recognitions not only indicate the strong economic fundamentals and positive outlook of Hong Kong but also help attract more international long-term capital to invest in the city.
Chan noted that the International Monetary Fund recently released a report affirming Hong Kong's role as an international financial center and a "super connector." The report also acknowledged that policy measures, including the development of the Northern Metropolis, will support Hong Kong's growth in innovation and technology, high-value-added services, economic expansion, and structural transformation. International credit rating agencies Moody's and Fitch have also confirmed Hong Kong's credit ratings with a "stable" outlook.
He emphasized that these recognitions not only reflect Hong Kong's solid economic fundamentals, positive prospects, and robust public finances but also demonstrate that continuous communication and explanation enable international institutions to better understand Hong Kong's current situation, development direction, and opportunities. The information from their assessments provides valuable references for global investors and the business and financial sectors, helping to attract more international long-term capital to invest in Hong Kong.
Recent market trends also confirm the attractiveness of Hong Kong's business environment and its economic prospects. Many institutions have established or expanded their presence in Hong Kong, increasing hiring, expanding office spaces, and introducing more innovative services and products.
Chan pointed out that China is actively developing new quality productive forces, accelerating the growth of strategic emerging industries such as artificial intelligence and biomedicine, and planning for future industries. Hong Kong possesses the quadruple advantages of "finance + trade + research + artificial intelligence+." In the process of actively aligning with China's 15th Five-Year Plan and better integrating into the national development strategy, Hong Kong is leveraging its role as an "international interface" and an efficient exchange platform for innovation and technology development in the Guangdong-Hong Kong-Macao Greater Bay Area, unleashing greater development potential.
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