Paul Chan's Vision for Hong Kong: A City with Global Significance

Friday, 27 September 2024, 07:41

Labour Party leaders in London engaged with Paul Chan, emphasizing the vital role of Hong Kong as a global financial hub. Chan firmly stated that Hong Kong will never be 'just another Chinese city.' His discussions reflect a commitment to strengthening trade ties and maintaining the city's unique status.
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Paul Chan's Vision for Hong Kong: A City with Global Significance

Labour Party Leaders Engage with Hong Kong's Financial Secretary

During a high-profile visit to London, Financial Secretary Paul Chan Mo-po conveyed a clear message regarding Hong Kong's identity on the international stage. Meeting with key figures from the Labour Party and the Bank of England, he asserted, "Hong Kong is not, and never will be, 'just another Chinese city.'" This statement underscores the city's ambition to retain its significance in the global financial landscape.

Strengthening Economic Links

Chan's talks with Tulip Siddiq and Andrew Bailey revolved around enhancing economic collaboration and addressing current global financial dynamics. The UK officials expressed interest in Hong Kong's evolving role as a superconnector for international trade.

  • Investment Confidence: Bank deposits surged by 4% to approximately HK$16.8 trillion.
  • Global Financial Centre: Hong Kong reclaimed its position as the third-largest financial center globally.
  • Regulatory Environment: Chan reaffirmed the city's commitment to maintaining a robust legal framework amid international scrutiny.

Innovative Trajectories

Highlighting recent innovation strides, Chan noted an uptick in initial public offerings within the city. This positive momentum reflects Hong Kong's potential to attract strategic enterprises and support technology-driven growth.

Chan's proactive approach during this meeting denotes a pivotal moment in reinforcing Hong Kong's status within the ever-competitive global economy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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