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

Rhenus’ New Air Freight Gateway in Bangkok to be a Strategic Hub in Southeast Asia

Rhenus adds a new air freight gateway in Bangkok for in/outbound & transshipment from/to Southeast Asia The new airfreight gateway will also see the use of electric vehicles (...

Wesley Methodist School Kuala Lumpur (International) Breaks Record with Unity Anthology, Enters Malaysia Book of Records

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 16 September 2025 - Wesley Methodist School Kuala Lumpur (International) (WMSKLI) has etched its name in the Malaysia Book of Records (MBR) for p...

Family Offices in Asia Pacific Prioritize Next-Gen Education Amidst Wealth Transfer, Demonstrate Proactive Response to Market Volatility: Citi Wealth 2025 Survey Reveals

- Family offices in Asia Pacific leads in second-generation wealth control and education about family wealth, signaling a strong next-generation focus. - Demonstrating proactive response to mar...

Lenovo Hong Kong and Cyberport Form Strategic Partnership; Empowering Hong Kong Startups to Go Global

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - Lenovo Hong Kong today announced the official signing of a Memorandum of Understanding (MoU) with Cyberport, marking a significant ste...

Hengan International's MSCI ESG Rating Elevates to "A", Coupled with Continued Impressive Performance Across Multiple Key International ESG Indicators

HONG KONG SAR - Media OutReach Newswire - 17 September 2025 - Hengan International Group Company Limited ("Hengan International" or the "Company", SEHK stock code: 1044, together with its subsidi...

AlphaMove, a Malaysian Startup Established Partnership with Chinese State Government to Foster Deep Tech Economy and Smart City Innovation

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 16 September 2025 - AlphaMove, a Malaysian blockchain startup building a public, permissionless ecosystem for Real-World Asset (RWA) tokenization...

Prudential and Prudence Foundation Provide Free Mental Health Support to Vulnerable Communities

In partnership with Intellect, the programme will be launched in Malaysia and Vietnam to make mental healthcare more accessible for vulnerable or at-risk groupsHONG KONG SAR - Media OutReach Newsw...

Linyi enterprises link e-commerce trade future at South Korea fair

SEOUL, SOUTH KOREA - Media OutReach Newswire - 17 September 2025 - Linyi in Shandong province, revered as logistics capital of China, is home to a multitude of enterprises producing a diverse rang...

VinFast Philippines, V-Green, and Green GSM Philippines seal strategic partnership with BDO Unibank to drive e-mobility in the Philippines

MANILA, PHILIPPINES - Media OutReach Newswire - 17 September 2025 - As the electric mobility sector gains momentum across Southeast Asia, VinFast Auto Philippines Inc. (VinFast Philippines), a fas...

Watsons Launches Exclusive IP "The Watsons Family" Across Asia to Drive Customer Engagement & Brand Loyalty

HONG KONG SAR - Media OutReach Newswire - 17 September 2025 - Watsons, AS Watson Group's flagship health and beauty brand, announces the exclusive launch of "The Watsons Family" - an innovative an...

Why it’s time telcos rethink location and put customer experience first

Maurice Zicman, Vice President - CX Strategy at TP in Australia unpacks why the telco industry must rethink old assumptions and focus on digital-f...

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

MR Roads, co-founded by Daniel Mikus and James Rolph, has been announced as a Queensland finalist in the prestigious 2025 Telstra Best of Business...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Sell by LayBy