FS met with Nvidia CEO Jenson Huang in World Economic Forum event

Financial Secretary Paul Chan continued his visit to Davos, Switzerland on Wednesday to attend various activities of the World Economic Forum Annual Meeting, where he met and talked with Jenson Huang, CEO of top AI chip maker Nvidia.

Chan had participated in multiple luncheons and networking sessions, and met with officials and business leaders from various regions to promote Hong Kong's advantages.

Chan attended the "2026 Davos-Caixin CEO Luncheon" themed "Beyond Old Models: Designing Growth That Works" and delivered a keynote speech.

In his speech, Chan introduced the steady progress Hong Kong has made over the past year or two, and shared the city's development vision and strategic positioning in its three key growth engines — finance, trade as well as innovation and technology.

Chan also pointed out that international trade is undergoing a paradigm shift. Developed countries must be aware that the traditional development model of producing and exporting low-cost goods, previously dominant among developing economies, is evolving.

Taking China as an example, Chan said the country is advancing high-level, two-way opening-up and driving its economy with a focus on expanding domestic demand. This not only injects momentum into China's high-quality development, but also creates vast market opportunities for quality goods and services from across the globe, fostering shared prosperity.

Chan also attended a business exchange session of the WEF Annual Meeting, where he interacted with nearly 100 leaders from various sectors and regions.

The discussion covered topics such as the outlook for the United States and global economies, strategies to enhance economic resilience, and ways to promote growth.

Chan also held bilateral meetings with the Deputy Prime Minister of Cambodia, Sun Chanthol, and the Minister of State for Financial Affairs of the United Arab Emirates, Mohamed bin Hadi Al Hussaini.

They exchanged views on the global economic and trade landscape and matters of mutual interest, and explored ways to strengthen bilateral economic and trade co-operation.

Chan also met with the Chairlady and Founder of medical technology company Yidu Tech, Ms Gong Yingying, yesterday to learn about the development of its AI and digital-powered clinical platform. He encouraged the company to consider expanding its business to Hong Kong.