Posted 1/14/2024, 6:28:59 AM
Hong Kong Finance Chief Touts City's Strengths, Inflows Despite Pressures
- Hong Kong remains an "ideal option" for foreign investment despite market pressures, according to Finance Secretary Paul Chan
- Total deposits in Hong Kong increased 4.1% year-over-year in the first 11 months of 2022 to HK$16 trillion
- Chan pointed to ongoing net inflows of funds into Hong Kong as a sign of continued investor confidence
- The finance chief highlighted Hong Kong's strengths in wealth management and efforts to promote innovation and technology
- Chan and other Hong Kong officials will attend World Economic Forum to promote Hong Kong's economic developments