Financial Sec. says Hong Kong benefits from China's AI development

Financial Secretary Paul Chan says the country's rapid AI development is elevating Hong Kong's economy and financial market.

Writing on his weekly blog, Chan says Hong Kong's first-half economic growth is better than anticipated, thanks to the increasing demand for advanced electronics and AI-related products. Chan also notes that AI-related IPOs have raised almost 100 billion dollars, representing 55% of the total IPO proceeds from December to May.