Norman Chan, former Chief Executive of Hong Kong Monetary Authority (HKMA), said at the Global Financial Leaders' Investment Summit that the upcoming new US administration is bound to increase tariffs, which are projected to influence suppliers in the short term and consumers in the medium to long term, and in turn shore up inflation. Chan voiced concern about the repercussions on China's supply chain and called for a better preparedness to withstand the turbulence.

Speeches made by Chinese Vice Premier He Lifeng and leaders of the mainland regulators at the Summit were amazingly positive, especially those on Hong Kong's financial capital market innovation, Chan opined, adding that the pace of deepening the Stock Connect and Cross-boundary Wealth Management Connect should be accelerated to cope with changes on the international stage.

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