Paul Chan provides update on Hong Kong’s financial performance and prospects

With Hong Kong navigating the challenges of COVID19 and ongoing international tensions, Asia House welcomed Paul Chan, Financial Secretary for Hong Kong SAR, to brief Corporate Members on the region’s economic outlook.

Chan, whose 2021/22 budget was approved by Hong Kong legislators in record time this week, outlined the latest financial developments and opportunities in the SAR and gave an assessment of Hong Kong’s recent economic performance. He also shared his perspectives on the future of Hong Kong’s economy.

Asia House Corporate Members, joining the digital briefing from around the world, put a range of questions to Chan. The Financial Secretary was asked about the immigration bill passed this week, and the potential impact it will have on business. Questions were also asked about Hong Kong’s green finance aspirations; the Greater Bay Area initiative; and the latest developments on digital currency. COVID19 vaccination uptake in Hong Kong and the timetable for quarantine restrictions were also discussed, as were various sectors including tourism and beverages. Chan was also asked about competition between Hong Kong and Singapore.

The off-the-record briefing, chaired by Asia House Chief Executive Michael Lawrence, provided an opportunity for Corporate Members to gain the latest insights on this key financial market.

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