Business Daily Media

Men's Weekly

.

Hong Kong Wraps Up Valuable Participation at WEF Annual Meeting

HONG KONG SAR - Media OutReach Newswire - 24 January 2025 - Financial Secretary of the Hong Kong Special Administrative Region (SAR), Paul Chan, wrapped up his participation at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland (January 23) with a flurry of thematic meetings, panel discussions and high-level exchanges with global political, business and financial leaders.



As a panelist for a discussion session titled "Stemming Financial Fragmentation", Mr Chan noted that while geopolitics may subject regional and global financial markets to greater volatility, Hong Kong boasts a robust financial system and strong buffer, maintains a free and open business environment, and steadfastly upholds the linked exchange rate system.

Hong Kong SAR
Hong Kong SAR's Financial Secretary, Paul Chan (second right), participating in the session "Stemming Financial Fragmentation" of the WEF Annual Meeting.

He added that Hong Kong is actively embracing financial innovation, including the development of digital assets, with appropriate regulations in place to promote the responsible and sustainable growth.

In another thematic discussion, organised by the Giving to Amplify Earth Action launched by the WEF, the Financial Secretary noted that Hong Kong, as an international financial centre, plays to its strengths as a "super-connector" and "super value-adder" in promoting investment in climate projects. Hong Kong provides financial support for green and transition projects through its comprehensive financial services. It also seeks to facilitate co-operation among the public, private and philanthropic sectors.

In support of the city's efforts to develop trade relations with "Global South" countries, Mr Chan held bilateral discussions with the Minister of Investment of Saudi Arabia, Khalid Al-Falih, and the Minister of Finance of Egypt, Ahmed Kouchouk, and invited them to lead business delegations to Hong Kong to explore mutually beneficial co-operation opportunities.

Mr Chan also met with the President and the Chief Executive Officer of Franklin Templeton, Jenny Johnson, to discuss the business expansion plans of the international fund group in the region.

A day earlier (January 22), Mr Chan met representatives from Coinbase, a United States cryptocurrency exchange platform, to learn about the company's latest business development and exchange views on global trends and regulatory policies concerning digital assets.

Mr Chan also met with senior management from insurance provider Swiss Re, where he outlined Hong Kong's initiatives to strengthen its role as an international risk management centre, including the development of innovative products such as catastrophe bonds. He emphasised that Hong Kong would continue to encourage businesses worldwide engaged in infrastructure and investment projects to leverage the city for comprehensive risk management, adding that Hong Kong seeks to attract more domestic and international companies to establish captive insurance companies in the city.

Other bilateral meeting included those with the Minister of Finance of Qatar, Ali bin Ahmed Al-Kuwari, and the State Secretary for International Finance, Federal Department of Finance of Switzerland, Daniela Stoffel, respectively. Exchanges focused on the latest global economic and financial landscapes and ways to enhance co-operation between Hong Kong and both economies in trade, financial services and infrastructure.

Mr Chan (left) meeting with the founder and executive chairman of the World Economic Forum, Professor Klaus Schwab.
Mr Chan (left) meeting with the founder and executive chairman of the World Economic Forum, Professor Klaus Schwab.

In discussion with Professor Klaus Schwab, founder and executive chairman of the WEF, Mr Chan said Hong Kong is willing to strengthen co-operation with the WEF in different areas, including green transition, financial services development, urban management, and more. He added that Hong Kong valued its participation in the WEF Annual Meeting, which provides an opportunity to showcase the city's unique advantages under the "one country, two systems" principle and better understand international trends, exchange views with various economic and sectoral representatives, and present Hong Kong's perspectives.
Hashtag: #hongkong #brandhongkong #asiasworldcity #WEF #financialservices






The issuer is solely responsible for the content of this announcement.

News from Asia

Prudential announces $880,000 community investment to celebrate SG60 and its move to Labrador Tower

The investment includes household essentials hampers for over 1,100 ComLink+ families, a cash donation to the Prudential Longevity Pledge, and community edible gardens SINGAPORE - Media OutReach N...

To reverse losses, Chinese airlines venture into livestreaming

BEIJING, CHINA - Media OutReach Newswire - 18 June 2025 - The livestreaming-commerce model has taken the world by storm in recent years. In China, numerous enterprises are actively venturing into ...

Tineco Recognised as Global Leader in Emerging Floor Washer Category

Tineco’s global sales dominance reaffirms its industry leadership. SINGAPORE - Media OutReach Newswire - 18 June 2025 - Tineco is proud to announce that Euromonitor International, the world's lead...

ONESIAM Global Grand Giveaway Season 2 Heats Up the Summer with Double Rewards for Bangkok-Bound Visitors

BANGKOK, THAILAND - Media OutReach Newswire - 10 June 2025 - Get ready to turn your Bangkok getaway into a rewarding adventure—in every sense of the word! The ONESIAM Global Grand Giveaway, Siam ...

Octa broker's global survey: traders and security

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 17 June 2025 - In trading, seizing opportunities and mitigating risks go hand in hand. Consistent success relies on a delicate balance between th...

Hong Kong Baptist University and Elsevier Report Highlights Global Expansion of Chinese Medicine Research, Urges Standardised Frameworks for Broader Integration

ISTANBUL, TURKEY - Media OutReach Newswire - 18 June 2025 – The report "Evolving Legacy: Decoding the Scientific Trajectory of Chinese Medicine" released today by Hong Kong Baptist University (HKB...

Jamf unveils 2025 Security 360 Report: A strategic look at Mac and mobile security risks

Report identifies phishing, infostealers, and OS vulnerabilities as top concerns for organizations HONG KONG SAR - Media OutReach Newswire - 19 June 2025 - Jamf (NASDAQ: JAMF), the standard in man...

Central banks' decisions loom amidst global uncertainty, Octa Broker offers its view

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 16 June 2025 - This week is set to be a pivotal one for financial markets in general and Forex market in particular as four major central banks—t...

Key Concept Strengthens Capabilities with Team Expansion In 2025

SINGAPORE - Media OutReach Newswire - 19 June 2025 - Key Concept, a leading interior design firm in Singapore, is proud to announce a strategic team expansion in 2025, marking a significant step ...

Cushman & Wakefield Greater China Wins Three Best Five-Star Awards at 2025 Asia Pacific Property Awards

HONG KONG SAR - Media OutReach Newswire - 19 June 2025 - Cushman & Wakefield, a leading global real estate services firm, has again been recognized at the Asia Pacific Property Awards, scoring...

Tacking the skills shortage — why L&D is failing and what to do about it

The Australian economy is in a tough spot right now, and a huge part of the problem is a massive skills shortage. Late last year, businesses were st...

How reducing revenue leakage could help your business stay in the black in FY2026

It’s time to stop legacy revenue management platforms and processes draining your profitability. Is boosting the bottom line an overarching goal ...

Technical Debt Stifling Path to AI Adoption for Global Enterprises

Outdated legacy technologies costing organisations the ability to innovate, money, time and potentially, even customers Technical debt and an ov...

Attract. Impress. Keep. The new small business growth playbook

Running a small business is a marathon that often feels like a sprint. You are chasing leads, juggling admin, building a brand and trying to carve...

Amazon to expand data centre infrastructure in Australia and strengthen AI

Amazon has announced plans to invest a new total of AU$20 billion from 2025 to 2029 to expand, operate, and maintain its data centre infrastructur...

How AI is Reshaping Banking in Australia

AI in the Banking and Financial Services Industry  From fraud detection and credit scoring to personalised financial advice, AI is transforming t...

Sell by LayBy