Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Paul Chan: HK Should Not Be Pessimistic in Face of Headwinds, It Should Rather Seize EM Opportunities
Recommend 3 Positive 10 Negative 8 |
||||
|
||||
|
Speaking at the Global Financial Leaders' Investment Summit this morning (20th), Hong Kong’s Financial Secretary, Paul Chan, said that Hong Kong can still further promote new developments and connect with the rest of the world despite the current polarized global situation. In his view, Hong Kong needs to be innovative and not pessimistic in the face of changing circumstances, including the changing geopolitical landscape, the upcoming new administration in the US, and the striking of many storms in the global market. Chan mentioned that he had visited the US and Europe earlier to meet with many financial leaders and entrepreneurs, and noted that even in the face of negative impacts wrought by geopolitics, the visit was still fruitful and many business opportunities for mutual cooperation had been clinched. The rise of the “Belt and Road Initiative (BRI)” countries and the global South provides opportunities for Hong Kong to cooperate, opined Chan. The Southern Hemisphere countries account for about 60% of the world's economic growth and 40% of the world's total imports and exports, while ASEAN is likely to become the world's fourth largest economy by 2030. He described Hong Kong as making significant strides to capitalize on the opportunities presented by these emerging markets, citing his earlier visit to Saudi Arabia as a good example. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
