
Financial Secretary Paul Chan Mo-po has highlighted the importance of international collaboration in the context of the evolving Sino-US relationship. In a blog post published on Sunday, Chan reflected on his attendance at the World Economic Forum's Annual Meeting in Davos, Switzerland. Discussions there centred on growing anxieties surrounding the economic climates in both Beijing and Washington, following Donald Trump's inauguration as the 47th President of the United States.
Chan noted that the meeting presented contrasting viewpoints, offering significant insights into the future direction of global affairs. He cautioned against the potential negative consequences of unilateralism and protectionism, warning of increased risks and uncertainty for global development. He stressed the need for continued cooperation, stating, "If cooperation is no longer the default position, we must work together to achieve the best outcome for all."
China's Vice Premier Ding Xuexiang reiterated Beijing's commitment to inclusive economic globalisation during the forum. Chan also emphasised Hong Kong's potential as a crucial bridge between China and both developed and emerging economies ("Global South" markets), particularly in sectors such as science and technology and green finance.
Chan reported engaging with finance officials and business leaders from various countries, extending invitations for delegations to visit Hong Kong. He further mentioned that several European fintech firms are exploring establishing a Hong Kong base to facilitate expansion into the Asian market.