Hong Kong's Financial Secretary, Paul Chan Mo-po, stated in his blog that recent objective endorsements from various international institutions reflect a growing external understanding of Hong Kong's latest developments and future potential. These assessments not only indicate Hong Kong's sound economic fundamentals, positive outlook, and robust public finances, but also demonstrate that proactive and continuous communication can help international bodies better comprehend Hong Kong's situation, development direction, and opportunities.
Chan noted that the International Monetary Fund (IMF) recently released a report affirming Hong Kong's role as an international financial center and a "super-connector." The report also recognized various policy measures, including the development of the Northern Metropolis, as conducive to fostering innovation and technology as well as high-value-added services, thereby supporting economic growth and structural transformation. Moody's and Fitch have also recently confirmed Hong Kong's credit ratings and "stable" outlook.
He believes that such evaluations and information can serve as a reference for global investors and the business and financial sectors, helping to attract more international long-term capital to invest in Hong Kong. Chan also mentioned that recent market trends validate the attractiveness of Hong Kong's business environment and economic prospects. Many institutions have established or expanded their investments in Hong Kong, increasing hiring, expanding office spaces, and launching more innovative services and products.
Additionally, Chan is set to embark on a visit to three European destinations: Paris, Brussels, and Zurich. He stated that he will attend the Global Ministerial Conference on Countering Terrorist Financing in Paris, where he will discuss enhanced cooperation with representatives from over 80 countries and regions, showcasing Hong Kong's commitment as an international financial center in this regard. He will also meet with representatives from major European financial institutions, private equity and venture capital funds, as well as family office managers in these cities to deepen cooperation and attract investment.
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