Hong Kong's financial markets 'safe haven for international capital,' Paul Chan says

Hong Kong's financial markets are emerging as a safe haven for international capital, according to Financial Secretary Paul Chan Mo-po. He stated that both international and mainland investors are recognizing the Special Administrative Region's (SAR) inherent value and unique role amidst increasing global instability.

Speaking at a forum on Tuesday, Chan noted that approximately 50% of the capital driving the stock market rally since September of last year originated from Southbound investors from the mainland. The remaining half came from international investors, largely from the United States and Europe.

Chan believes this demonstrates a resurgence of confidence in Hong Kong, highlighting the city's distinct advantages under the "one country, two systems" framework.

He further added that as China progresses in technology and innovation and encourages high-level, two-way opening up, an increasing number of mainland enterprises are utilizing Hong Kong as a platform for international expansion and supply chain management. These companies are capitalizing on Hong Kong's deep capital markets, world-class professional services, talent pool, and global networks.